2022 New York Laws
ISC - Insurance
Article 2 - Organization of the Department of Financial Services
201 - State Insurance Advisory Board.

§  201.  State  insurance  advisory  board. (a) There shall be a state
insurance advisory board to work with the superintendent in  encouraging
and  promoting  the  growth  of the insurance industry in the state, and
further the goals of the department's  mission  as  it  relates  to  the
insurance industry. There shall be ten members of the advisory board who
shall  be  appointed by the superintendent. The membership shall consist
of seven representatives of domestic insurance companies  that,  to  the
extent  practicable,  reflect  a range of size and geographical location
within the state.  The  membership  shall  also  include  one  insurance
producer  and two representatives 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 annually pursuant  to
the  call of the superintendent. Such meetings may be presided over by a
designee of the superintendent and may be held by means of a  conference
telephone  or  similar  communications  equipment  that  would allow all
persons participating in the meeting to hear  each  other  at  the  same
time.  The  members  of the advisory board shall receive no compensation
nor reimbursement for expenses. The advisory board may:
  (1) consider and recommend ways, consistent  with  the  protection  of
consumers  and  the  financial  condition  of  insurers,  to  encourage,
promote,  and  assist  insurance   institutions   to   effectively   and
productively  locate,  operate,  employ, grow, remain, and expand in New
York state;
  (2) consider and recommend ways, consistent  with  the  protection  of
consumers  and  the  financial  condition  of  insurers,  to promote the
prudent and continued availability of insurance products and services at
affordable costs throughout the state;
  (3) recommend to the superintendent the establishment of such laws  as
may be deemed necessary, and the amendment or repeal thereof;
  (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;
  (5)   report  within  thirty  days  after  receipt,  on  any  proposed
regulations, amendments thereto, or repeal thereof, consistent with  the
protection  of consumers and the financial condition of insurers, at the
request of the superintendent; and
  (6) consider all other matters determined  by  the  superintendent  to
further the department's mission in relation to the insurance industry.
  (b)  The  advisory  board  shall  have no executive, administrative or
appointive powers or duties.