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Circular Letter No 16 (1986): "Affidavit Forms - New York State - dfs ny

Circular Letter No 16 (1986): "Affidavit Forms - New York State - dfs ny-2025

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The document is a Circular Letter issued on September 29, 1986, by the Superintendent of Insurance, James P. Corcoran, addressing all licensed excess line brokers and property and casualty insurance companies. It outlines the requirements for new affidavit forms (Affidavit by Excess Line Broker, Affidavit by Insured, and Affidavit by Broker) mandated by Regulation 41 of the Insurance Law. The letter specifies that these forms must be used starting October 1, 1986, and emphasizes the importance of maintaining documentation regarding declinations from authorized insurers. It also notes the elimination of Form EL-2 and reiterates that the affidavits must be consecutively pre-numbered and formatted correctly for computerized processing.

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