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August 17, 1989

SUBJECT: INSURANCE

Circular Letter No. 1 (1989)

WITHDRAWN

Re: Systematic MGLMAP cessation

Since March 1987 when it began operations., the Miscellaneous General Liability Market Assistance Program (MGLMAP), due to responsible insurers working with producer organizations under the auspices of this Department, has successfully helped numerous small businesses and start-up enterprises in New York State obtain general liability coverage during tight markets.

Now, with improved market conditions, small businesses are generally able to obtain coverage in the voluntary market. Since MGLMAP applications have been received in over a year, MGLMAP will cease operations, according to the following schedule:

(a) starting September 1, 1989, no new MGLMAP business will be accepted; and

(b) on and after November 1, 1989, there will be no renewals through MGLMAP.

Following MGLMAP cessation, if any small business has trouble finding coverage, please call our Hotline (800-522-4370) or contact:

Charles Rappacciuolo (212-602-0309)

Principal Insurance Examiner

Property & Casualty Insurance Bureau

160 West Broadway -13<th> Floor

New York, New York 10013

Very truly yours

James P. Corcoran

Superintendent of Insurance

 

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