· NY legislature · 2025-2026

Permits a waiver of the diligent effort requirement in limited circumstances for certain insurance coverage to be placed by licensed excess line brokers with unauthorized insurers

Permits a waiver of the diligent effort requirement in limited circumstances for certain insurance coverage to be placed by licensed excess line brokers with unauthorized insurers where a retail producing insurance broker seeks to procure or place commercial lines insurance through an unaffiliated wholesale excess l…

Sponsor

Pamela Hunter (D-NY)

Introduced

2025-02-26

Policy area

Finance and Financial Sector

Latest action

REFERRED TO INSURANCE