New York State

Insurance

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RELEASE

Contact:
Public Affairs
(212) 480-5262
www.ins.state.ny.us

James J. Wrynn    Superintendent of Insurance    25 Beaver Street  New York, N.Y. 10004

ISSUED 6/18/2010 FOR IMMEDIATE RELEASE

DEPARTMENT TO HOLD HEARING ON REFORM OF RATE, FORM, REGULATORY FILINGS AND LICENSING APPLICATIONS

The New York State Insurance Department will hold a hearing on June 28 to hear from the public on how to enhance Department procedures. Comments are invited on the processing of rate and form filings, regulatory filings, and company and producer licensing and renewal applications. The goal is to improve the timeliness of filings and approvals and streamline processes and procedures, Insurance Superintendent James J. Wrynn said.

“To ensure that New York remains a leader in both consumer protection and creating a good business climate, we must continually work to modernize the Insurance Department’s handling of rate and form filings, regulatory filings, and licensing applications in all areas of insurance. At a time when government must work with limited resources, it is essential to make the Department as efficient and effective as possible. The goal is to make our regulatory reviews timely and ensure we focus our efforts on the most important issues,” Superintendent Wrynn said.

“We look forward to hearing from consumers, insurers, agents, brokers and anyone else who has ideas on how to make what is already a superb Department even more efficient and effective,” Wrynn continued.

The hearing will take place on June 28 at 2 p.m. in Room 510 at the Department’s Manhattan office, 25 Beaver Street.

Examples of possible discussion topics include:

Oral testimony will be limited to five minutes per person. Testimony can be scheduled and written testimony submitted through the Department’s website: www.ins.state.ny.us.

Written comments for the hearing record also may be submitted to Department Modernization 2010 Hearings, Public Affairs Bureau, New York State Insurance Department, 25 Beaver Street, New York, NY 10004, or e-mailed to PublicHearingsComments@ins.state.ny.us with the subject line “DEPARTMENT MODERNIZATION 2010 HEARINGS.” The Department will accept comments for up to five business days after the hearing.

In accordance with the Americans with Disabilities Act, the Department will provide a reasonable accommodation, including interpreter services for the hearing impaired, at no charge to any covered individual wishing to testify at these hearings, provided that such a request is received at least five business days prior to the hearing date and either communicated in writing to Department Modernization 2010 Hearings, Public Affairs Bureau, New York State Insurance Department, 25 Beaver Street, New York 10004, or by calling the Department at (212) 480-5262.

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