Skip to main content
Menu Icon
Close

InfoBytes Blog

Financial Services Law Insights and Observations

New York regulator issues guidance to insurance companies on complying with notice obligations

State Issues Covid-19 New York

State Issues

On April 7, the New York State Department of Financial Services issued guidance to state-regulated insurance companies and fraternal benefit societies, indicating that these insurers may comply with state law notice requirements by emailing notices to consumers for which the insurers have an email address. Insurers do not need to obtain prior consent of the consumers to receive such notices via email. The department also urged insurers to disseminate notices by supplemental means, such as social media, and maintain records of their communications with consumers.