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New York policy

S5310: Permits a waiver of the diligent effort requirement in limited circumstances for certain insurance coverage to be placed by licensed excess line brokers with unauthorized insurers

NY Senate · Sponsor Jamaal Bailey

Jurisdiction
New York State
Applies to
New York State (proposed)
Effective
May 19, 2026

What it requires

Permits a waiver of the diligent effort requirement in limited circumstances for certain insurance coverage to be placed by licensed excess line brokers with unauthorized insurers where a retail producing insurance broker seeks to procure or place commercial lines insurance through an unaffiliated wholesale excess line insurance broker.

ny-statesenatelegislationbill

Official source ↗

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