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PIANY to Meet with Governor on Final Draft of Producer Comp Disclosure Regulation

Source: PIANY

Posted on 08 Sep 2009

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The Professional Insurance Agents of New York State Inc. will meet with the governor's office this week, to discuss the most recent, and expected final, draft of the long-developing insurance producer compensation disclosure regulation. The meeting, set up at the request of the governor’s counsel, gives PIANY the unique opportunity to discuss changes to the final draft and ensure that the needs of both independent insurance agents and consumers are protected.

“As the premier association representing independent insurance agents in the state, PIANY appreciates the occasion to reflect on the updated draft regulation,” said D. Scott Liebert, CIC, PIANY president. “We are confident that the New York State Insurance Department has taken our comments on earlier drafts into consideration, and believe that they will be incorporated into the final draft.”

In addition to Liebert, other PIANY representatives in attendance will include: President-elect Kevin Ryan, CIC; Legislative Representative Allison Lee; and Director of Government & Industry Affairs Matthew F. Guilbault, Esq.

Following approval from the governor’s office and Governor’s Office of Regulatory Reform, the regulation will be published in the State Register, initiating a formal 45-day public comment period.