NY | Following recent regulatory action by the New York Department of Financial Services (DFS), ELANY issued Bulletin 2018-19. This bulletin reviews the best practice for surplus lines brokers’ “good faith” attempts to place risk in the admitted market. The bulletin also covers the exceptions made by DFS to the “diligent search” compliance requirement.
Learn More About Diligent Search Requirements
For more information about best practices for excess/surplus lines in New York, visit the ELANY website. For information about diligent search requirements and other best practices nationwide, contact ILSA’s Surplus Lines Tax Team.