Placement of Med Malpractice Insurance with Non-Admitted Insurers by Excess Line Brokers (See also CL 7 (1982) on this listing).

November 8, 1982 SUBJECT: INSURANCE WITHDRAWN CIRCULAR LETTER NO. 25 (1982) DATED: NOVEMBER 8, 1982 TO: ALL LICENSED EXCESS LINE BROKERS SUBJECT: PLACEMENT OF MEDICAL MALPRACTICE INSURANCE WITH NON-ADMITTED INSURERS BY EXCESS LINE BROKERS It has come to our attention that excess line brokers have placed Medical Malpractice Insurance with unauthorized insurers. You are advised that the placement of such insurance with an unauthorized insurer constitutes a violation of Section 122 of the Insurance Law and Regulation 41 of this Department, to the extent that it is available either directly from an authorized insurer or through the Medical Malpractice Insurance Association. Please acknowledge receipt of this letter to: Vincent G. Werling, CFE, CLU Associate Insurance Examiner Insurance Exchange & Excess Line Bureau New York State Insurance Department Two World Trade Center New York, NY 10047-0002 Very truly yours, [SIGNATURE] ALBERT B. LEWIS Superintendent of Insurance