Insurance Deadline Extensions and Accommodations FAQs
All regulated entities that are required to file should, at a minimum, submit the filing electronically. Hard copies with wet signatures must be filed with the Department within 60 days of the entity returning to its offices. If it is unable to submit the filings electronically, the entity should let the Department know as soon as possible.
Financial or market conduct examinations are not being postponed at this time. If a regulated insurance entity has difficulties responding to an examination and would like to request that an examination be postponed, it should submit a formal request in writing to the Department with reasons for the request.
Last year, in light of the challenges posed by COVID-19, DFS granted an extension for these filings. DFS will not be extending the filing due date for 2021. All domestic insurers and/or their ultimate holding companies that are required to file Holding Company Registration statements and amendments, and enterprise risk reports must file before their respective due dates.
Yes. For the duration of the current state of emergency, the Department will recognize that an insurer whose employees typically perform underwriting functions in New York, but are now working from alternate locations outside of New York due to the state of emergency, is not in violation of § 16.9(a) of Insurance Regulation 86, which requires that an insurer writing insurance through the free trade zone maintain an underwriting office in New York.
No. For the duration of the current state of emergency, a licensed insurance producer or bail agent who is working from home or another alternate location due to the state of emergency need not provide written notice to the Superintendent of that location under Insurance Law § 2129(b) or § 28.6(c) of Insurance Regulation 42.