This Law Firm Publication by Jackson Lewis, P.C. discusses a new regulation promulgated by the New York State Department of Financial Services (NYSDFS) requiring insurance companies to provide Commercial Crime Coverage to employers that are aware of an employee's prior criminal conviction. The new regulation applies only to insurers whose insured has engaged in an analysis under Article 23-A of the New York State Correction Law of whether there is a "direct relationship" between the crime and the type of employment sought. The regulation becomes effective on July 1, 2017 and applies only to New York insurance policies issued, renewed, or delivered after that date.