NYAIPNew York Automobile Insurance Plan
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The good people at the NYAIP informed, in no uncertain terms, that they are in no way responsible for the actions of the companies via "Producer Performance Complaints." They get into the show when a complaint is shown to be valid or when the opposite is true.
Disciplinary actions by the NYAIP against producers who send in less than the required deposit premiums seem to have had an affect on the entire store front brokerage community.
The Robert Plan is all for it but I have been told privately by several company representatives that they will oppose any efforts to add to the existing payment plans within the NYAIP. No one has been able to give me a reason for this determination.
This matter is certain to come before the NYAIP Governing Committee and at that time I will don my 007 outfit and find out who is voting for and against this proposal.
It has not been difficult for me to find problems and look for improvements in the Plan rules and operations during the past 15 years of association with the NYAIP. With few exceptions, the numerous worthy suggestions offered by producer association representatives and public members have been adopted.
Despite the frustrations, this "Titer no longer hears of the many problems with NYAIP discussed over the last decade.
In the DFS' 2012 report, it was noted less than one percent of private passenger motor vehicles were insured under the NYAIP, and the number of vehicles insured under this plan had decreased by 20 percent at the end of 2012 compared with the previous year.
It urged industry segments to support expansion of the governing committee of the NYAIP to include additional public members and to hack LAD (Limited Assignment Distribution Procedure).
During the period 1974-1989, the New York Automobile Insurance Plan (NYAIP) annually insured over 1.4 million cars in New York resulting in very large residual market expenses for New York automobile insurers.
Reiersen has served on many industry committees including service as Chairman of the NYAIP Governing Committee, The Motor Vehicle Accident Indemnification Corporation, The Industry Optional No-Fault Arbitration Committee and the New York Insurance Association.
Jack Houston, NYAIP SIU Manager, who kept the audience truly captivated with his discussion and PowerPoint presentation on insurance fraud.
The Insurance Advocate has long followed your leading edge thinking and hard work to ameliorate the functioning of the NYAIP. It's especially gratifying to hear from a dedicated volunteer like yourself who has earned the "podium" for his opinions.