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Pursuant to Article 63 of the Insurance Law and Section 16.8(f)(3) of Regulation 86 (11 NYCRR 16), the Insurance Department hereby gives notice of the following revision to Section 16.12(e), Class 2 Risks, effective December 23, 2004:

The statistical code designation 2-14178 has been revised to add "matters involving intellectual property including patents, trademarks and copyrights." The classification description is as follows: "Attorney’s Errors and Omission – Large or High Risk Firms - Policies providing professional liability coverage for law firms consisting of at least 25 attorneys, or firms of any size in which more than five percent (5%) of the aggregate annual billings are derived from the following types of legal work: (1) Mergers and acquisitions; (2) Representing banks, savings and loan associations or other financial institutions on matters other than collections or real estate closings; (3) Matters involving the Securities Exchange Commission; (4) Matters involving Admiralty Law; or (5) Matters involving intellectual property including patents, trademarks and copyrights."

For further information contact: Buffy Cheung, NYS Insurance Department, Property Bureau, 25 Beaver Street, New York, NY 10004, 212-480-5587.

This Notice was prepared and submitted by _____________________,

Buffy Cheung, NYS Insurance Department, Property Bureau, 25 Beaver Street, New York, NY 10004, 212-480-5587, December 16, 2004

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