December 16, 2009
PIWA seeks your input on Contract Certainty bulletin
We would like your help. PIWA has been asked to comment on a proposed guidance letter on contract certainty, following up on its Circular Letter No. 20 of 2008.  In Circular Letter No. 20, the Department sought to minimize disputes because insurance policies haven’t been delivered to policyholders.  The Department recommended stakeholders look to the principles established in the United Kingdom. 
In the proposed guidance letter (attached), the Department is seeking to address, among other specialized policies, policyholders in the excess line market, in the latter part of 2010.  In New York, an excess line policy must be filed within 45 days of procurement.  PIWA believes the goal of contract certainty is laudable, but is concerned regarding the responsibilities.  Let us know what you think so we can appropriately respond to the Department. Submit your comments by Dec. 22, 2009 to PIWA:
Mark your calendar!
PIWA is in the process of planning its 2010 events. This year, our conference will be held the afternoon and evening of Oct. 20, at the Pearl River Hilton. Mark your calendar now to ensure that you'll be able to participate in our hands-on, timely education programs and our annual Service to the Industry Recognition Dinner.