New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter III - Policy and Certificate Provisions
Subchapter A - Life, Accident and Health Insurance
Part 59 - Minimum Standards For The Form, Content And Sale Of Group And Blanket Insurance Certificates Deemed To Have Been Delivered In This State Pursuant To Section 3201(b) Of The Insurance Law
Section 59.7 - Experience monitoring, reporting and adjustment requirements
Current through Register Vol. 46, No. 39, September 25, 2024
(a) Life insurance
Total incurred claims |
Ratio indicating insurer action is necessary |
1,000 or more |
.90 or less |
100-999 |
.80 or less |
25-99 |
.65 or less |
0-24 |
0 or less |
(b) Accident and health insurance.
*Number of reported claims in the period |
||
Ratio indicating insurer action is necessary |
||
Scale I |
Scale II |
|
1,000 or more |
.80 or less |
.90 or less |
100-999 |
.65 or less |
.80 or less |
25-99 |
.50 or less |
.65 or less |
0-24 |
0 or less |
0 or less |
Footnotes
* The number of claims shall be determined on a nationwide basis, unless prior approval is received of an alternate basis from the superintendent.