In developing the final proposal, the NYSID is expected to reach out to insurers, insurance trade groups and other interested parties. The NYSID will submit the proposed regulation through a formal proposal process, which includes publication in the New York State Register and a formal 45-day comment period for written comments. Additionally, the opportunity still exists for the establishment of working groups to further refine the proposal.
PIA will report information on this issue as it becomes available.