New York State seal

September 18, 1989

SUBJECT: INSURANCE

Supplement To Circular Letter No. 11 (1989)

TO: ALL LICENSED PROPERTY/CASUALTY INSURERS & PRODUCER ORGANIZATIONS

RE: STATUTORY REVISIONS AFFECTING CANCELLATION, CONDITIONAL RENEWAL AND NONRENEWAL OF COMMERCIAL RISK, PROFESSIONAL LIABILITY AND PUBLIC ENTITY INSURANCE POLICIES IN NEW YORK STATE

An error that appeared on page 4 of Circular Letter No. 11 (1989), dated August 16, 1989, mis-characterized the provisions of 3426(j) of the Insurance Law regarding the nonrenewal of group property/casualty policies.

Subsection (j) provides that the provisions of 3426(e) regarding conditional renewal only apply to the master contract, and do not apply individually to each certificate holder. The provisions of 3426(e) regarding nonrenewal, however, continue to apply individually to each certificate holder.

Very truly yours,

[SIGNATURE]

JAMES P. CORCORAN

SUPERINTENDENT OF INSURANCE