NY First Governing Committee Activities
Jennifer Lindacher
NY First is represented by a Governing Committee of company representatives and agent representatives to advance the business position of NY First members. The Governing Committee met earlier this month to discuss ways to improve IIES (Insurance Information & Enforcement System) reporting compliance and demonstrate to the DFS that the industry is working together for a solution. Ideas include forming an industry working group to develop an education campaign to improve IIES compliance, contemplate a potential legislative approach and compile data to determine common reasons for IIES delays/errors to educate agents, improve compliance and bolster industry position.
The Governing Committee also discussed the NY Cybersecurity Regulation and Third Party Service Provider compliance. Reminders will be going out from the DFS to file annual certificate of compliance by February 15, 2020. Big I NY shared resources that have been developed to re-educate and respond to questions from licensees.