In an article published in the May 2 edition on page 20, astatement about New York state surplus lines placements was basedon outdated information.
In the article, National Underwriter quoted a New York-basedretail agent who warned about a state law requiring a wholesalerplacing New York E&S business to have a physical address in thestate.
Changes to that law took place in October 2003, according to DanMaher, executive director of the Excess Lines Association of NewYork, who confirmed that full non-resident E&S licenses wereadded to the law.
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