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
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