NYSID Initiates Insurance Filings Modernization Efforts


New York City, NY (CompNewsNetwork) - The New York State Insurance Department has begun implementing recommendations from a modernization effort that will cut unnecessary red tape and simplify approval processes. The result will allow the Department to focus its resources where they are most needed to best protect consumers, while addressing the needs of the insurance market more efficiently.

A joint Department-industry working group developed a list of recommendations as a part of the Insurance Filings Modernization Initiative launched early in 2010. The recommendations are included in the report below.

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