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The New York State Legislature unanimously confirmed Benjamin M. Lawsky on May 24, 2011, as New York State's first Superintendent of Financial Services. [9] From May 24, 2011, until October 3, 2011, Lawsky also was appointed, and served as, Acting Superintendent of Banks for the former New York State Banking Department. [9]
In 2011, Governor Andrew M. Cuomo and the New York State Legislature consolidated the New York State Insurance Department and the New York State Banking Department and created the New York State Department of Financial Services. [1] [2] James J. Wrynn was the fortieth and last Superintendent of Insurance. [4]
On June 24, 2020, DFS proposed a new conditional licensing framework that makes it easier for start-ups to enter the New York market. Under the proposed conditional licensing framework, entities may apply for a conditional license when partnering with an existing entity authorized by DFS to engage in virtual currency business activity.
Assurant and Subsidiaries Reach Agreement with New York Department of Financial Services NEW YORK--(BUSINESS WIRE)-- Assurant, Inc. (NYS: AIZ) , a premier provider of specialty insurance and ...
From May 24, 2011 until October 3, 2011, Lawsky was appointed, and served as, Acting Superintendent of Banks for the former New York State Banking Department, in which position he led Governor Andrew M. Cuomo's initiative to consolidate the New York State Banking Department and New York State Insurance Department towards a new financial ...
The agreement with the NY Department of Financial Services comes on the heels of a major lawsuit by the state's attorney general. Exclusive: Genesis reaches settlement with New York regulator ...
The New York Department of Financial Services (NYDFS) published a proposed regulation on Thursday that lays out how the state regulator would assess New York-regulated crypto companies for costs ...
NYSIF is financially self-supporting and competes with private insurance carriers. It is required by law to provide the lowest possible premiums to maintain its solvency. [1] As of 2015, NYSIF was the largest workers' compensation insurance carrier in New York, with 46% of the market, and that year it earned $2.48 billion in premiums, placing ...
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