PAR Response Times Extended

Posted on January 31, 2008 by Cailie Currin

I received the annexed message from Ms. Nelligan of the New York State Insurance Department this morning.   This will be greatly appreciated!  It is always nice to know that when concerns are voiced to the Department, they are heard and can result in changes in policy! 

After hearing the concerns expressed by the industry at the last policy forms meeting with respect to responding to the Department's post approval review letters, we are changing the response time to our letters from 15 calendar days to 30 calendar days. However, if the post approval review involves only minor issues we may at the discretion of the reviewer request a response time of only 15 calendar days. Please note that the new response time will be reflected in any post approval letters going forward.

The 15 day calendar response time remains in effect for any outstanding letters already received.

Your dissemination of this information would be appreciated. Thanks,

Kathy
Tags:
Trackbacks (0) Links to blogs that reference this article Trackback URL
http://www.lifeinsurancelawblog.com/admin/trackback/58416
Comments (0) Read through and enter the discussion with the form at the end
Post A Comment / Question Use this form to add a comment to this entry.







Remember personal info?
Send To A Friend Use this form to send this entry to a friend via email.