New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter III - Policy and Certificate Provisions
Subchapter A - Life, Accident and Health Insurance
Part 52 - Minimum Standards For Form, Content And Sale Of Health Insurance, Including Standards Of Full And Fair Disclosure
Section 52.43 - Standards for maintaining experience data
Current through Register Vol. 46, No. 39, September 25, 2024
(a) The following rules shall apply with respect to experience data for individual insurance.
Other than subparagraphs (vi) and (vii), the above terms are as defined in the current New York Instructions for Completion of the Life and Accident and Health Annual Statement. For policies issued on an attained age rating basis, or where benefits or premiums are changed at attained age 65, experience must be separately maintained for those under age 65 and age 65 and over. Experience, by age, need not be maintained for certain coverages, such as travel accident, with the prior consent of the superintendent.
(b) Standards for maintaining experience data for benefits under the Disability Benefits Law. Premium and loss data shall be maintained yearly:
(c) Additional standards for maintaining data concerning those insured by and the benefits paid by long term care insurance, nursing home insurance only, home care insurance only, or nursing home and home care insurance should be as follows: