NY | The New York Department of Financial Services has issued Insurance Circular Letter No. 8.
The purpose of this Circular Letter is to advise all insurers authorized to write motor vehicle insurance in New York State, the New York Automobile Insurance Plan, rate service organizations, and licensed insurance producers of amendments to Insurance Law § 3420(g) made by Chapter 735 of the Laws of 2022 and Chapter 108 of the Laws of 2023 (collectively, the “chapters”) regarding supplemental spousal liability (“SSL”) insurance. This Circular Letter replaces Insurance Circular Letter No. 23 (2002), which has been withdrawn.
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