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Insurance Law Committee

The Insurance Law Committee covers all aspects of law, regulation and public policy affecting insurance activity and the insurance sector, both locally and globally.

The Committee's scope encompasses insurance law in the broadest sense -- all lines of insurance coverage; all types of commercial relationships among insureds, insurers, reinsurers, producers and other constituencies; and all laws and policies affecting the capacity and delivery of insurance coverage in the marketplace, consumer protection and insurer organization and solvency. We provide a regular forum for current insurance law topics, often hosting prominent speakers and receiving reports from specific areas of practice represented by our members. In addition, we proudly serve the bar and the larger community by sponsoring CLE and other public programs, commenting on legislation and regulation, collaborating with other committees from time to time on projects of mutual concern, advising the Association on insurance law issues and supporting public service activities.

In addition to its monthly meetings for Committee members, during the 2012-13 Committee year the Committee sponsored five CLE programs at the City Bar Center for CLE, covering topics as diverse as insurance regulation, directors' and officers' coverage and ethical considerations in insurance disputes involving financial matters. In addition, the Committee submitted a comment letter to the Dialogue Project on U.S./EU Insurance Regulatory Issues and a report on excess lines legislation to the New York legislature. In keeping with Committee custom, two of the Committee's 2012-13 monthly meetings featured insightful and topical appearances by the chairmen of the insurance committees of the New York State Senate and Assembly and the New York State Executive Deputy Superintendent of Financial Services, respectively. The Committee's 2013-14 committee year includes a full calendar of similar events.


Recent Reports

Letter to the New York Department of Financial Services concerning proposed amendments to Insurance Regulation 52, Holding Companies (June 2014) ( PDF ) 
Subject area: Insurance Regulation, Holding Companies

Letter to the New York Department of Financial Services on proposed regulation regarding enterprise risk management and own risk and solvency assessment (March 2014) ( PDF ) 
Subject area: Own Risk and Solvency Agreement

Comments on the International Association of Insurance Supervisors Regarding Requirements for Systematically Important Global Insurers (January 2014) ( PDF ) 
Subject area: Capital Requirements

For the full list of committee reports click here


Resources

Constructive Perspectives: Are New York’s Construction Safety and Insurance Laws Serving the Public? – 3/13/14 Event Materials


Related Events

5/28: Careers in Insurance Law