Relates to creating a limited exception from the requirement to conduct an inspection for purposes of the issuance or renewal of a policy of automobile physical damage insurance.
Provides that certain persons who adjust claims on behalf of municipal cooperative health benefit plans shall be considered adjusters.
Establishes the transitional green development program; provides for a two-year grant to be funded through the empire state development corporation not to exceed $150,000.
Establishes the "Interstate insurance product regulation compact" to regulate certain insurance products among member states and to promote and protect the interest of consumers of individual and group annuity, life insurance, disability income and long-term care insurance products.
Relates to notice of disclaimer of liability for certain revived causes of action; such notice shall occur within 120 days after the insurer has received actual notice of such revived claim or cause of action.
Relates to the accumulation of surplus of domestic mutual and domestic stock life insurance companies; amends the formula used for the calculation of such surplus.
Requires third party verification of driving history when used as a rating or underwriting factor for private passenger motor vehicle insurance.
Exempts private air ambulance services from insurance licensing and other requirements if the private ambulance service meets certain enumerated qualifications.
Requires a surety bond for contractors and subcontractors where no public fund has been established for the financing of a public improvement.
Directs the state insurance fund to compensate insurance brokers for services provided to clients who obtain coverage through the fund; establishes within the existing rate structure a factor to compensate licensed insurance producers for services provided to clients who obtain coverage through the fund.
