New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter I - GENERAL PROVISIONS
Part 13 - Mass Merchandising Of Personal Property - Liability Insurance
Section 13.11 - Underwriting standards

Universal Citation: 11 NY Comp Codes Rules and Regs ยง 13.11
Current through Register Vol. 46, No. 12, March 20, 2024

No insurer shall use underwriting standards for individual risk selection in a mass merchandising plan which are, on the whole, more restrictive than the standards used by such insurer for individual risk selection in the sale of the same kind of insurance in this State other than pursuant to mass merchandising plans. In the event such insurer does not sell such kind of insurance in this State other than pursuant to mass merchandising plans, its underwriting standards for individual risk selection in such plans shall, on the whole, be no more restrictive than the standards used by its principal affiliate, if any, for individual risk selection in the sale of such kind of insurance in this State other than pursuant to mass merchandising plans.

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