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    December 29, 2011

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    Tim O'Brien

    I hold the legal profession in VERY high regard. While I appreciate the intent behind this regulation, I am frequently astounded by the glibness of the insurance advice my clients report they have received from their attorney.

    I wonder how dated this regulation is, and whether this hackneyed exemption should not be re-evaluated given how the level of complexity in today's insurance marketplace.

    Tim Dodge

    Tim,
    The legislature has amended Section 2102 four times since 1984 -- once each in 2003 and 2009, and twice in 2011. I can't tell how long the attorney exemption has been in the law, but I believe it pre-dates at least the first 2011 amendment. I think you raise a valid question. More than one IIABNY member has complained to me about attorneys giving faulty insurance advice. I think it's something that should be discussed.

    preturi RCA

    if neither they nor their employer receive any compensation directly or indirectly on account of any insurance,

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