New York A01521 amends the insurance law to modify requirements for medical malpractice excess line insurance.

New York A01521 amends the insurance law to change the conditions under which a licensee must obtain a declination from an association or apply for insurance through a plan. Specifically, it removes the requirement for a licensee to obtain a declination or apply for insurance through a plan as a condition of procuring insurance. It also modifies the notice requirements for brokers placing insurance with unauthorized insurers. The act takes effect immediately.

New York A01521 amends the insurance law to modify requirements for medical malpractice excess line insurance.

New York A01521 amends the insurance law to change the conditions under which a licensee must obtain a declination from an association or apply for insurance through a plan. Specifically, it removes the requirement for a licensee to obtain a declination or apply for insurance through a plan as a condition of procuring insurance. It also modifies the notice requirements for brokers placing insurance with unauthorized insurers. The act takes effect immediately.