Insurance group acts against N.Y.

March 09, 1993|By New York Times News Service

The National Association of Insurance Commissioners suspended the accreditation of the New York State Insurance Department on yesterday as part of its effort to encourage states to adopt uniform and tougher guidelines in their regulation of the insurance industry.

The suspension of the department, would have no immediate impact. But if the Legislature does not enact a number of model laws proposed by the association by the end of the year, New York's examinations of insurers next year no longer would be automatically accepted by departments in other states.

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