The New York Insurance Department said it will hold a hearing June 13 to look into a possible rules change that would make it easier for brokers to obtain coverage for certain classes of difficult-to-place excess lines business.
New York currently maintains an "export list" of risks. Excess line brokers can place these risks with insurers not licensed by the state, without first having three admitted insurers decline the business.
The announcement said the hearing would examine a proposal by the Excess Line Association of New York to add several classes of coverage to the export list on behalf of its members.
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