2016 New York Laws
ISC - Insurance
Article 2 - (Insurance) ORGANIZATION OF THE DEPARTMENT OF FINANCIAL SERVICES
201 - State insurance advisory board.

  201.  State insurance advisory board. (a) There shall be within the
  department  a  state  insurance  advisory  board  to   work   with   the
  superintendent  in promoting the development and growth of the insurance
  industry in the state. There shall be seventeen members of the  advisory
  board who shall be appointed by the superintendent. The membership shall
  consist  of:  nine  representatives of domestic insurance companies; and
  five representatives of foreign insurance companies that, to the  extent
  practicable,  reflect  a  range of size and geographical location within
  the state. The membership shall also include two insurance producers and
  one representative of consumers. The superintendent shall make rules  to
  govern  the  method  by which insurers may nominate persons to the board
  and  the  process  for  selecting  such  members,  provided   that   the
  representative of consumers shall be selected by the superintendent. The
  term  of  each  member  of  such advisory board shall be three years, or
  until a successor is appointed and vacancies shall  be  filled  for  the
  unexpired  term only. The board shall meet at least three times annually
  pursuant to the call of the superintendent. The members of the  advisory
  board  shall receive no compensation nor reimbursement for expenses. The
  advisory board shall:
(1) consider and recommend ways to maintain  and  grow  the  insurance
  industry  of  the state, particularly focusing on the domestic insurance
  industry, including bringing to the superintendent's attention issues of
  concern to the insurance industry;
(2) consider and recommend ways to encourage and facilitate  insurance
  institutions  in  offering  a  diversity  of  affordable  insurance  and
  financial products throughout the state;
(3) recommend to the superintendent the establishment of such laws  as
  may  be  deemed  necessary,  and  the  amendment  or  repeal thereof, in
  furtherance of these goals;
(4) recommend to the superintendent the promulgation of  any  guidance
  and  regulations,  not  inconsistent  with  the  law,  as  may be deemed
  necessary, and the amendment or repeal thereof, in furtherance of  these
  goals; and
(5)   report  within  thirty  days  after  receipt,  on  any  proposed
  regulations, amendments thereto,  or  repeal  thereof,  prior  to  final
  action thereon by the superintendent.
(b)  The  advisory  board  shall  have no executive, administrative or
  appointive powers or duties.