New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter II - Agents, Brokers And Adjusters
Part 27 - Excess Line Placements Governing Standards
Section 27.23 - Exemptions from electronic filing and submission requirements

Universal Citation: 11 NY Comp Codes Rules and Regs ยง 27.23

Current through Register Vol. 46, No. 39, September 25, 2024

(a) An insurer or excess line broker required to make an electronic filing or a submission pursuant to this Part may apply to the superintendent for an exemption from the requirement that the filing or submission be electronic by submitting a written request to the superintendent for approval at least 30 days before the insurer or excess line broker shall submit to the superintendent the particular filing or submission that is the subject of the request.

(b) The request for an exemption shall:

(1) set forth the insurer's NAIC number or the excess line broker's New York license number;

(2) identify the specific filing or submission for which the insurer or excess line broker is applying for the exemption;

(3) specify whether the insurer or excess line broker is making the request for an exemption based upon undue hardship, impracticability, or good cause, and set forth a detailed explanation as to the reason that the superintendent should approve the request; and

(4) specify whether the request for an exemption extends to future filings or submissions, in addition to the specific filing or submission identified in paragraph (2) of this subdivision.

(c) The insurer or excess line broker requesting an exemption shall submit, upon the superintendent's request, any additional information necessary for the superintendent to evaluate the insurer or excess line broker's request for an exemption.

(d) The insurer or excess line broker shall be exempt from the electronic filing or submission requirement upon the superintendent's written determination so exempting the insurer or excess line broker, where the determination specifies the basis upon which the superintendent is granting or denying the request and to which filings or submissions the exemption applies.

(e) If the superintendent denies an insurer or excess line broker's request for an exemption from the electronic filing or submission requirement, then the insurer or excess line broker shall make a physical filing in a form acceptable to the superintendent.

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