NU Online News Service Aug. 20, 3:35 p.m. EDT

A public hearing by the New York Department of Insurance on whether to add coverages to the state’s excess and surplus lines “export” list was deemed successful by an agent trade association.

According to the department, the hearing was held pursuant to Section 2118(b)(4) of the state’s Insurance Law, authorizing the superintendent to amend the number of declinations required to be obtained prior to making an excess line placement, with respect to particular coverages.

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