A bill has been delivered to Gov. Andrew Cuomo to require workers’ compensation insurers to notify policyholders at least 30 days before their renewal dates if their premiums are slated to increase by more than 10%.
Assembly Bill 1620 passed both chambers in June. It was finally delivered to the governor’s desk on Wednesday.
Tim Dodge, vice president of research for the Independent Insurance Agents & Brokers of New York, told WorkCompCentral earlier this year that the legislation would simplify the process for insurance agents when they have to shop for new coverage on sh...
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