NY | The New York Department of Financial Services today issued a new emergency regulation in response to the ongoing public health emergency. The regulation modifies existing emergency regulations concerning the cancellation/non-renewal/conditional renewal moratorium and the premium payment grace period.
Specific changes to prior emergency regulations concern notification requirements and grace period length. The regulation expires on July 6, 2020.
Click here to read the regulation for specific information.
ELANY Bulletin 2020-37 also discusses this emergency regulation.