NY | The New York Department of Financial Services has issued Insurance Circular Letter No. 13.
The purpose of this circular letter is to provide guidance to insurers authorized to write accident and health insurance in New York State, Article 43 corporations, health maintenance organizations, student health plans certified pursuant to Insurance Law § 1124, municipal cooperative health benefit plans, and prepaid health services plans (collectively, “issuers”) regarding the requirements to disclose direct and indirect insurance producer compensation to insureds in the individual comprehensive health insurance market under the federal No Surprises Act (“NSA”).