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The New York State Insurance Department (NYSID) was the state agency responsible for supervising and regulating all insurance business in New York State. [ 1] It was regarded in the industry as one of the most state-of-the-art insurance regulatory agencies. Continuing education for insurance professionals is regulated by each state's Department ...
Website. www .dfs .ny .gov. The New York State Department of Financial Services ( DFS or NYSDFS) is the department of the New York state government responsible for regulating financial services and products, including those subject to the New York insurance, banking and financial services laws. [ 1][ 2]
The New York State Insurance Fund ( NYSIF) is a governmental insurance carrier that provides workers' compensation and disability benefits for employers in New York State. NYSIF is financially self-supporting and competes with private insurance carriers. It is required by law to provide the lowest possible premiums to maintain its solvency. [ 1]
Here is the full list of New York car insurance requirements: $25,000 bodily injury liability per person and $50,000 death liability per person. $50,000 bodily injury liability per accident and ...
The New York State Department of Labor ( DOL or NYSDOL) is the department of the New York state government that enforces labor law and administers unemployment benefits. [ 1][ 2] The mission of the New York State Department of Labor is to protect workers, assist the unemployed and connect job seekers to jobs, according to its website. [ 1]
An insurance commissioner (or commissioner of insurance) is a public official in the executive branch of a state or territory in the United States who, along with their office, regulate the insurance industry. The powers granted to the office of an insurance commissioner differ in each state. The office of an insurance commissioner is ...
The New York State Banking Department was the oldest bank regulatory agency in the United States. The Department was the primary regulator for state-licensed and state-chartered financial entities, including domestic banks, foreign agencies, branches and representative offices, savings institutions and trust companies, credit unions and other ...
The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....