New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter II - Agents, Brokers And Adjusters
Part 30 - Producer Compensation Transparency
Section 30.1 - Purposes
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 30.1
Current through Register Vol. 46, No. 39, September 25, 2024
The purposes of this Part are:
(a) to implement the New York Insurance Law by regulating the acts and practices of insurers and insurance producers with respect to transparency of compensation paid to insurance producers and their role in insurance transactions in this State; and
(b) to protect the interests of the public by establishing minimum disclosure requirements relating to the role of insurance producers and the compensation paid to insurance producers.
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