New York State Seal
STATE OF NEW YORK
INSURANCE DEPARTMENT
25 BEAVER STREET
NEW YORK, NEW YORK 10004

George E. Pataki
Governor

Gregory V. Serio
Superintendent

The Office of General Counsel issued the following opinion on August 24, 2004, representing the position of the New York State Insurance Department.

Re: Certain Requirements for Multi-Year Service Fee Agreements

The New York State Insurance Department’s current position regarding the requirements for multi-year service fee agreements remains consistent with the opinion articulated in the Counsel’s Corner of the Department’s May/June 1998 issue of The Bulletin. For additional opinions concerning multi-year service fee agreements and other matters, please see the Insurance Department’s web site at: http://www.ins.state.ny.us.

For further information you may contact Senior Attorney Kristian Earl Lynch at the New York City Office.