The New York State Insurance Department is asking the public to tell it what is wrong with insurance regulation. A notice posted on the department’s Web site on March 9 stated:
"Pursuant to Executive Order No. 25, the New York State Insurance Department invites comments from regulated entities and interested parties to identify existing regulations that impose unnecessary, burdensome or excessive costs, paperwork, reporting or other requirements.
"Comments are sought that describe and quantify the burden and suggest appropriate remedies that the agency may undertake to eliminate or amend regulations that are unnecessary, unbalanced, unwise, duplicative or unduly burdensome."
The department is asking respondents to submit their comments no later than May 24. Comments may be submitted by e-mail to Elizabeth Barrett, Esq. of the Insurance Department’s Office of General Counsel and to the Governor’s Office of Regulatory Reform. Respondents may also send their comments by U.S. mail at the address shown in the Web site posting.