New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter II - Agents, Brokers And Adjusters
Part 34 - Requirements Pertaining To The Location Of An Insurance Agent Or Broker At Each Place Of Insurance Business: Reporting Requirements
Section 34.1 - Definitions

Universal Citation: 11 NY Comp Codes Rules and Regs ยง 34.1

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

Wherever used in this Part:

(a) Agent means an insurance agent as defined in Insurance Law section 2101(a) or a title insurance agent as defined in Insurance Law section 2101(y).

(b) Broker means an insurance broker as defined in Insurance Law section 2101(c).

(c) Place of business means any location in this State used by an agent or broker to conduct an insurance business.

(d) Headquarters location means the address set forth in the agent's or broker's license issued pursuant to article 21 of the Insurance Law. Said place of business shall be the main office of the agent or broker.

(e) Satellite office means any place of business other than the headquarters location.

(f) Supervising person means any natural person who is a licensed agent or broker and who has been deemed or designated to be responsible for and in charge of a headquarters location or satellite office.

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