Home
About PIWA
Member benefits
Accomplishments
How to join
News and events
Scholarship program
Awards
Industry links
Our directors
Contact PIWA

PIWA accomplishments

Since its formation, PIWA has been an outspoken advocate for the wholesale insurance broker. Among its many notable accomplishments, PIWA:

  • Initiated and supported legislation resulting in the creation of Excess Lines Association of New York, now a critical element of the state’s nonadmitted market;
  • Successfully lobbied to restructure Regulation 41, and worked with the state to streamline the affidavit procedure, reducing the number of affidavits and forms used;
  • Worked with the state to establish the Export List;
  • Lobbied successfully for legislation allowing security guards who purchase insurance as part of their licensing requirement to use nonadmitted carriers;
  • Successfully worked with the New York State Insurance Department to seek the expiration of an emergency regulation addressing fully earned commissions;
  • Successfully lobbied for legislation requiring retail agents to notify premium finance companies when a wholesale insurance broker was involved in writing a financed policy;
  • Worked with the Department of Environmental Conservation to allow the use of excess line brokers for liability insurance for pesticide applicators, and successfully sought a change to allow binding authority for excess line brokers in New York;
  • Worked with ELANY to support a new law that allows the sale of excess disability insurance in New York state, available on both an admitted and non-admitted basis; and
  • Currently is working to ensure that wholesalers are excluded from any state-mandated compensation disclosure requirements.

 

Connect with PIWA: LinkedIn   Twitter