NY | On March 10, 2020, the New York Department of Financial Services issued Insurance Circular Letter No. 5 (2020). This letter requires all regulated entities to submit a preparedness plan for COVID-19 to the DFS within thirty (30) days of the request.
ELANY today issued Bulletin No. 2020-11, clarifying that this reporting requirement DOES NOT apply to New York licensed insurance brokers UNLESS the DFS sent the broker a notice directly.
Click here to read the ELANY Bulletin.