201 - State Insurance Advisory Board.

NY Ins L § 201 (2019) (N/A)

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(1) consider and recommend ways, consistent with the protection of consumers and the financial condition of insurers, to encourage, promote, and assist insurance institutions to effectively and productively locate, operate, employ, grow, remain, and expand in New York state;

(2) consider and recommend ways, consistent with the protection of consumers and the financial condition of insurers, to promote the prudent and continued availability of insurance products and services at affordable costs throughout the state;

(3) recommend to the superintendent the establishment of such laws as may be deemed necessary, and the amendment or repeal thereof;

(4) recommend to the superintendent the promulgation of any guidance and regulations, not inconsistent with the law, as may be deemed necessary, and the amendment or repeal thereof;

(5) report within thirty days after receipt, on any proposed regulations, amendments thereto, or repeal thereof, consistent with the protection of consumers and the financial condition of insurers, at the request of the superintendent; and

(6) consider all other matters determined by the superintendent to further the department's mission in relation to the insurance industry.

(b) The advisory board shall have no executive, administrative or appointive powers or duties.

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