NU Online News Service, June 17, 3:36 p.m. EDT
The New York Insurance Department, after more than a year of consideration and a hearing, formally proposed a regulation today expanding the list of difficult risks that can be insured by other than New York- licensed carriers.
Publication of the new rule, which can be modified after public comment, has the support of the Independent Insurance Agents & Brokers of New York, which has been pushing for a regulatory change.
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