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Locke Lord LLP | USA | 17 Feb 2010

IIABNY to sue New York over producer compensation disclosure regulation

The New York Insurance Department published the final version of its regulation regarding the transparency of insurance producer compensation ("Regulation 194") in the New York State Register on February 10, 2010.


Locke Lord LLP | USA | 30 Jul 2009

OGC opinion: Insurance Law 3420 also applies to claims-made policies

The New York Insurance Department’s (“NYID”) Office of General Counsel (“OGC”) recently issued an OGC Opinion (No. 09-06-08) representing the position of the NYID in respect of four distinct queries regarding the recent amendment to Insurance Law 3420, which we have closely followed and written about in this blog.

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