Additional Assessments imposed on NY Insurers
In Circular Letter 2 (2009), the NYSID announced that the NY Deficit Reduction Plan requires that the Superintendent impose an additional assessment on domestic insurers. It appears that these bills are going out immediately because the State Finance Law states that payment is due within 30 days of receipt of the bill and the Circular Letter indicates that any payment postmarked after March 13, 2009 will be considered late and penalties may be assessed accordingly.
