Client Alert
| January 11, 2010
Draft Circular Letter from the New York Insurance Department regarding Contract Certainty
The New York Insurance Department (the "Department") has issued a draft Circular Letter for comment regarding contract certainty. The draft Circular Letter provides clarification in response to industry questions following the October 2008 publication of Circular Letter 20, which imposed a 1-year deadline on insurers and producers doing business in New York to implement practices to assure that policy documentation was delivered to insureds within 30 days after inception of the policy. The Department is requesting comments by January 22, 2010.
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This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent.
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