N.Y. Insurance Law § 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.