New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter II - Agents, Brokers And Adjusters
Part 27 - Excess Line Placements Governing Standards
Section 27.20 - Return premiums
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 27.20
Current through Register Vol. 46, No. 39, September 25, 2024
In the event of cancellation of an insurance policy placed by an excess line broker with an unauthorized insurer, the excess line broker shall apply best efforts to collect for the insured all unearned premiums due, when the insured's home state is this State.
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