New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter II - Agents, Brokers And Adjusters
Part 33 - Managing General Agents
Section 33.2 - Definitions
Current through Register Vol. 46, No. 12, March 20, 2024
As used in this Part, the following terms shall have the following meanings:
(a) Insurer means an authorized insurer as defined in section 107(a)(10) of the Insurance Law, and, for purposes of this Part, shall also include every group, association or other organization of insurance companies that engages in joint underwriting or joint reinsurance in accordance with section 2317(a) of the Insurance Law.
(b) Domestic insurer shall have the same meaning as set forth in Insurance Law, section 107(a)(19), and shall also include every group, association or other organization of insurance companies that engages in joint underwriting or joint reinsurance if such group, association or other organization has its principal office in this State.
(c) Managing general agent (MGA) means any person, firm, association, corporation or other entity that: