Thursday, July 27, 2006

 

New York State Insurance Department Urged to Take Emergency Action to Protect Citizens

The New York State Department of Insurance has received an urgent appeal calling for an emergency regulation to prohibit the use of discretionary clauses in group disability, life, and health insurance policies. The request from Quadrino Schwartz, a nationally prominent law firm specializing in disability, life and health insurance law, comes in response to the Department's Circular Letter of June 29 (No. 14, 2006), temporarily withdrawing a ban on the controversial discretionary clauses, pending a lengthy and formal rule-making process.

New York State Insurance Department Urged to Take Emergency Action to Protect Citizens
Source: PR Newswire

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