Upcoming Programs and CLE
Reports
Committees
OCTOBER 2012

Long Term Care Insurance: Stable Options in an Unsettled Market
Tuesday, October 2, 6:00 pm-8:00 pm

Ethical & Other Considerations in Handling Insurance Claims & Disputes
Wednesday, October 10, 9:00 AM to 11:00 AM

Insurance Law: The Basics
Thursday, November 8, 6:00 PM to 9:00 PM

Missed a Program? You Can Still Benefit! CLE Programs' CDs, DVDs and other course materials can be found on the website.

Reinsurance
In a letter to the Federal Insurance Office (FIO), the Committee on Insurance Law offered comments on the FIO’s Report to Congress on the U.S. and Global Reinsurance Market. The letter sets forth the Committee’s observations concerning: 1) the overarching purposes of reinsurance; 2) the role of reinsurance in the broader economy; and 3) recent and ongoing reforms in the regulation of reinsurance, and urges continued efforts to reduce regulatory ambiguity and uncertainty and to regulate reinsurance from the standpoint of widely shared public policy priorities.

Excess Line Legislation
The Committee on Insurance Law issued a report on A.9783/S.6808, which would amend the New York Insurance Law by adding a new Article 58 authorizing domestic excess line insurance companies. The Excess Line Legislation was approved by the Senate on June 12, 2012, and is currently pending in the Assembly. The report expresses support for the Excess Line Legislation subject to the following amendments being made: 1) the new law should specify that except as set forth in new Article 58, domestic Excess Line insurers will be subject to all provisions of the New York Insurance Law; 2) the role of existing and future excess line brokers under the Excess Line Legislation needs to be clarified; and 3) the legislation should specify that New York intends for domestic express line carries to be eligible excess line nonadmitted carriers in other states.

Committee Involvement--It's Never too Late
Committees are how the City Bar’s work gets done. Working on a committee can give you great experience while opening up a number of career doors, some you may not even anticipate.

A full list of the City Bar committees along with a brief description of each and an application form can be found on the City Bar’s website. As a number of City Bar committees have more applicants than available slots, please consider applying to more than one committee.

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