Court of Appeals holds that foreign RRGs not bound by NY's timely disclaimer statute
Lawrence Rogak
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Lawrence Rogak
Philosopher/ lawyer who wrote the book on New York PIP. No artificial intelligence, ever.
In today's The Rogak Report:
In a decision that prompted a furious dissent, New York's Court of Appeals holds that foreign (i.e., out of state) Risk Retention Groups are not bound by New York's timely disclaimer statute [Ins. Law 3420(d)(2)] because RRGs are regulated by Federal law. The Court distinguished disclaimers from disclosures of coverage, which are not pre-empted by Federal law.
Lawrence N. Rogak