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Recent Developments

NAIC Holds Public Hearing on Covered Agreement 02/20/2018 Article (naic.org)

Top Executives at Long Island Mortgage Lender Plead Guilty to $8.9 Million Fraud (justice.gov)

02/15/2018 Article (justice.gov)

Statement by New York Financial Services Superintendent Maria T. Vullo Regarding Idaho’s Actions to Undermine the Affordable Care Act

02/15/2018

Statement

Statement by Financial Services Superintendent Maria T. Vullo on Report of Denials of Insurance Policies for Applicants Who Take HIV Prevention Medication

02/14/2018

Statement

Statement by DFS Superintendent Maria T. Vullo Regarding the Payment of Title Closers

02/08/2018

Statement

Medicare Supplement Insurance Premium Rates for February 2018

02/02/2018 Medicare Supplement Insurance
Defendant Sentenced to 41 Months in Prison for Defrauding Mortgage Lending Institutions (justice.gov) 01/26/2018 Article

Statement by DFS Superintendent Maria T. Vullo Regarding the Resolution of Illegal Conduct by BNP Paribas USA Inc.'s Foreign Exchange Trading Business

01/26/2018

Statement

Statement by DFS Superintendent Maria T. Vullo Regarding CFPB’s Troublesome Policy Shift Away from Consumer Protection

01/25/2018 Statement

Emergency Adoption of the 6th Amendment to Regulation 146 ( 11 NYCRR 361)

01/22/2018 Emergency Regulations - Insurance

Emergency Adoption of Part 418 of the Superintendent's Regulations and Supervisory Procedures MB 109 and MB 110 (Mortgage Loan Servicers)

01/19/2018 Emergency Regulations - Banking

Emergency Adoption of the 49th Amendment to Insurance Regulation 62 (11 NYCRR 52)

01/17/2018

Emergency Regulations - Insurance

Statement of DFS Superintendent Maria T. Vullo Prepared for Delivery at Public Hearing: An examination of Recent Title Insurance Regulations

01/12/2018 Statement

Insurance Circular Letter No. 1 (2018): Sale of wireless communications equipment insurance and service contracts

01/03/2018 Insurance Circular Letter No. 1 (2018)

Emergency Adoption of the 3rd Amendment to Regulation 85 (11 NYCRR 136)

12/27/2017 Emergency Regulations - Insurance

Proposed 1st Amendment of Regulation 187 (11 NYCRR 224) - Suitability in Life Insurance and Annuity Transactions

12/27/2017 Proposed Insurance Regulations

Statement by DFS Superintendent Maria T. Vullo Regarding the Enforcement Action Taken Against NongHyup Bank

12/21/2017 Statement

2017-2018 Annual Statements and New York State Supplement Filing Checklists, Instructions and Forms Download

12/20/2017 Annual Statements & NY Supplement Filing Instructions

DFS Statement Regarding 11 NYCRR 228

12/19/2017

Statement

Statement of DFS Superintendent Maria T. Vullo on the Passing of M&T Bank Corp. Chairman Robert Wilmers

12/18/2017

Statement

Statement of DFS Superintendent Maria T. Vullo Regarding the Injunction by the United States District Court for the Eastern District of Pennsylvania to Continue Contraceptive Coverage for Women

12/16/2017

Statement

Former Comptroller Of Mortgage Lender Charged With Bank Fraud And Wire Fraud (justice.gov)

12/14/2017 Article

Statement of DFS Superintendent Maria T. Vullo Regarding the Decision of the United States District Court for the Southern District of New York

12/12/2017 Statement

Operation Decoy Delivery: A.G. Schneiderman Announces Conviction After Trial Of Ringleader In Insurance Fraud Scheme (ag.ny.gov site)

12/07/2017

Article

Twenty Individuals – Including Four Doctors – Charged with Enterprise Corruption in Massive $146 Million Health Care Fraud; Allegedly Spent Proceeds on Luxury Properties, High-End Designer Goods and Jewelry (brooklynda.org)

12/05/2017

Article

Statement by Financial Services Superintendent Maria T. Vullo Regarding the TIO Networks Cybersecurity Incident

12/01/2017 Statement

Insurance Circular No. 21 (2017): Health Insurance Coverage for Pre-Exposure Prophylaxis for HIV Prevention

12/01/2017 Circular Letter No. 21

Consumer Alert: Counterfeit Department of Financial Services Licenses and Letterhead

11/28/2017 Consumer Alert

Disciplinary Actions Against Insurance Companies, Agents, Brokers & Adjusters

11/24/2017 Disciplinary Actions
Insurance Circular No. 20 (2017): Producer Compensation for Comprehensive Medical Policies and Contracts 11/21/2017 Circular Letter No. 20

Brooklyn Construction Company, Long Beach Owner with Public Contracts To Forfeit $2.5 Million After Pleading Guilty to Underpaying Workers (brooklynda.org site)

11/15/2017 Article
Insurance Circular No. 19 (2017): National Association of Insurance Commissioners Life Insurance and Annuity Policy Locator Service 11/15/2017 Circular Letter No. 19

2017 Availability Survey, 2017 Annual Free Trade Zone Report and 2017 Special Homeowners Insurance Supplement

11/15/2017 Property Insurers - Data Calls

Updates:

  • Information and Resources for Licensed Lenders
  • Information and Resources for Sales Finance Companies
11/01/2017

Licensed Lenders

Sales Finance Companies

2017 Automobile Insurance Complaint Ranking 11/01/2017

Complaint Ranking

Liquidation of the New York-Licensed Agencies of Jugobanka and Beogradska Banka - update

10/31/2017

Liquidation details

Statement by DFS Superintendent Maria T. Vullo Regarding the NAIC Adoption of the Insurance Data Security Model Law

10/24/2017

Statement

Florida Man Pleads Guilty To Mail Fraud And Tax Evasion

10/24/2017 Article (justice.gov site)
Insurance Circular Letter No. 18 (2017): Benefits in Individual, Group, and Blanket Accident Policies and Disability Income Insurance Policies 10/20/2017 Circular Letter No. 18

Statement by Financial Services Superintendent Maria T. Vullo on BNP Paribas's Decision to Focus on Renewable Energy Projects

10/11/2017 Statement

Insurance Circular Leter No. 17 (2017): Insurance Claims Arising in Puerto Rico, the U.S. Virgin Islands and Other Affected Areas Caused by the Impact of Hurricanes Maria and Irma, Related Premium Obligations, and Payments to Licensed Agents in Excess of Regulatory Limits

10/04/2017 Circular Letter No. 17

Guidance to New York State Chartered Banks Regarding Hurricanes Maria and Irma in Puerto Rico and the U.S. Virgin Islands

10/04/2017

Guidance (PDF)

New York State Non-Profit Housing Counseling Agencies Providing Services to Homeowners in Default and Foreclosure - Statewide Listing by County - Updated

10/03/2017 Statewide Listing by County

Statement by Superintendent of Financial Services Maria T. Vullo on De-Designation of American International Group as a Systemically Important Financial Institution

09/29/2017 Statement

Statement by DFS Superintendent Maria T. Vullo Regarding Framework Cooperation Arrangement on Bank Resolution with EBA and US Agencies

09/29/2017 Statement
Insurance Circular Letter No. 16 (2017): Health Insurance Coverage for Naloxone 09/28/2017 Circular Letter No. 16

Statement by DFS Superintendent Maria T. Vullo Regarding the Fearless Girl Statue (PDF)

09/26/2017 Statement (PDF)
Equifax Data Breach: What you need to know 09/21/2017

What you need to know (PDF)

Insurance Circular Letter No. 15 (2017): Substance Use Disorder Treatment, Prevention, and Utilization Review (Updated)

09/21/2017 Circular Letter No. 15

Final Adoption of Insurance Regulation 210 (11 NYCRR 48): Life Insurance and Annuity Non-Guaranteed Elements

09/19/2017 Insurance Regulations - 2017 Final Adoptions
DFS Guidance Relating to Equifax Data Breach 09/18/2017

Banking Industry (PDF)

Insurance Industry (PDF)

DFS Statement on HAB Bank 09/08/2017 Statement
Insurance Circular Letter No. 14 (2017): Substance Use Disorder Treatment, Prevention, and Utilization Review 09/06/2017 Circular Letter No. 14
RFI 2017-01: RFI For NYS Medical Indemnity Fund Administrator 09/01/2017 Procurement - Current Opportunities

Insurance Circular Letter No. 13 (2017): Return of Premiums and Compensation Paid for Bail

08/28/2017 Circular Letter No. 13

Insurance Circular Letter No. 12 (2017): Coverage for Health Services Provided to Transgender Individuals

08/16/2017 Circular Letter No. 12

Statement by New York Superintendent of Financial Services Maria T. Vullo on Congressional Budget Office Report on the Impact of Non-Payment of Cost Share Reduction Funds Owed Under the Affordable Care Act

08/15/2017 Statement

State Insurance Advisory Board Nomination Procedures Now Available

08/04/2017 Announcement
Insurance Circular Letter No. 11 (2017): Family Leave Benefits Coverage 07/28/2017 Circular Letter No. 11
Insurance Circular Letter No. 10 (2017): Insurance Claims Arising out of Flooding of Lake Ontario 07/27/2017 Circular Letter No. 10
Insurance Circular Letter No. 9 (2017): Climate Change and Sustainability 07/26/2017 Circular Letter No. 9

Statement by Financial Services Superintendent Maria T. Vullo in Response to Comments Made Today by Acting OCC Comptroller Keith Noreika Regarding a National Bank Charter for Non-Bank Financial Services Companies

07/19/2017 Statement

Statement by Financial Services Superintendent Maria T. Vullo Regarding DFS's Order to Deauthorize AFP as Attorney-in-Fact for PRI

07/07/2017

Statement

Statement by Financial Services Superintendent Maria T. Vullo in Support of Proposed Federal Beneficial Ownership Legislation

07/05/2017 Statement

CSBS Launches Fintech Advisory Panel to Help Modernize State Regulation (CSBS.org)

06/29/2017 Article
Insurance Circular Letter No. 8 (2017): Release of Substance Abuse Records 06/28/2017 Insurance Circular Letters - 2017

Statement by Financial Services Superintendent Maria T. Vullo on the Decision by the New York State Court of Appeals in Gevorkyan V. Judelson

06/28/2017 Statement

Staten Island Doctor and Two Others Diverted Millions Dollars' Worth of Pain Pills (Drug Enforcement Administration)

06/22/2017 Article
Moonlighting Queens Paralegal Charged with Stealing $80,000 from Clients of Jackson Heights Law Firm that Employed Him (Queens County DA) 06/21/2017 Article (PDF)
Statement by New York State Financial Services Superintendent Maria T. Vullo on the Approval of Gemini Trust to Open Representative Office in Washington State 06/13/2017 Statement
Superintendent Vullo Participates in the City&State State of NY Women Forum (City and State NY) 06/09/2017 Article
Statement by Financial Services Superintendent Maria T. Vullo on House Republicans’ Passage of Bill Dismantling the Wall Street Reform and Consumer Protection Act 06/08/2017 Statement

DFS has posted health insurer Rate Applications for 2018 (DFS Portal)

06/08/2017 Rate Applications for 2018 (DFS Portal)

Emergency Consolidated Adoptions on Motor Vehicle Insurance Regulation

06/07/2017 Insurance Regulations Emergency Adoptions 2017

Final Adoption of Insurance Regulation 211 (11 NYCRR 363): Minimum Standards for the Form and Rating of Family Leave Benefits Coverage, Including the Establishment and Operation of a Risk Adjustment Mechanism

05/31/2017 Insurance Regulation Final Adoptions

Statement by Financial Services Superintendent Maria T. Vullo on the President’s Plan to Defund the Community Development Financial Institutions Fund

05/31/2017 Statement

Statement by Maria T. Vullo on Wannacry Ransomware Attack

05/16/2017 Statement

Statement by Superintendent Maria T. Vullo on the Department of Financial Services Lawsuit Challenging the OCC’s Unauthorized Decision to Grant “Special Purpose” National Bank Charters to Undefined “Fintech” Companies

05/12/2017 Statement

Father And Son Plead Guilty In Conspiracy To Pay Bribes And Gratuities (United States Attorney's Office)

05/09/2017 Article

Proposed Rulemaking of Regulation 208 (11 NYCRR 228) Standards for Financial Risk Transfer Between Insurers and Health Care Providers

Proposed Consolidated:

  • Fifth Amendment of Regulations 9, 18 & 29 (11 NYCRR 20) Brokers, Agents And Certain Other Licensees - General
  • Fifth Amendment of Regulation 87 (11 NYCRR 29) Special Prohibitions
  • First Amendment of Regulation 194 (11 NYCRR 30) Producer Compensation Transparency
  • Third Amendment of Regulation 125 (11 NYCRR 24) Requirements Pertaining To The Location Of An Insurance Agent Or Broker At Each Place Of Insurance Business: Reporting Requirements
  • New Regulation 206 (11 NYCRR 35) (PDF) Title Insurance: Title Insurance Agents, Affiliated Relationships, And Required Disclosures
05/01/2017 Proposed Insurance Regulations

 

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