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New York budget language clarifies inducement definition
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Legislative Developments
Monday, March 19, 2018
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As part of its recently passed budget, the New York Senate advanced language clarifying that the presence of common marketing activities absent a quid pro quo does not constitute an illegal inducement under the insurance law. This is similar to language in a bill it passed earlier this year and addresses issues that have come up as a result of new Title Insurance Regulations in the state. Read on for more details.
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