The Independent Insurance Agents & Brokers of New York (IIABNY) announced that agents will not be affected by penalty and fee hikes, as well as a fingerprinting requirement, that were proposed by New York Gov. David Paterson in his 2009 to 2010 state budget. IIABNY successfully lobbied for the elimination of these provisions, as they were not included in the final budget passed by lawmakers on April 3, 2009.
If enacted, the fee hikes and fingerprinting requirements would have placed significant financial burdens on insurance producers throughout the state, according to the organization.
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