Placement of group casualty & group property insurance policies with unauthorized insurers

Insurance Circular Letter No. 14 (1981) - Amendment: Placement of Group Casualty and Group Property Insurance Policies with Unauthorized Insurers SHARE July 28, 1981 SUBJECT: INSURANCE AMENDMENT TO CIRCULAR LETTER NO. 14 (1981) WITHDRAWN TO: ALL EXCESS LINE BROKERS SUBJECT: PLACEMENT OF GROUP CASUALTY AND GROUP PROPERTY INSURANCE POLICIES WITH UNAUTHORIZED INSURERS. Department Circular Letter No. 14 (1981) dated July 24, 1981 contains a typographical error in the last sentence of paragraph one wherein reference is made to Section 123 of the Insurance Law. Said sentence is hereby amended to read as follows: "Excess line brokers are only authorized, pursuant to Section 122 of the Insurance Law, to place business which is authorized to be written pursuant to the Insurance Law." Very truly yours, [SIGNATURE] ALBERT B. LEWIS Superintendent of Insurance