New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter III - Policy and Certificate Provisions
Subchapter B - Property and Casualty Insurance
Part 75 - Standards For Insurance That Qualifies For The Environmental Remediation Insurance Tax Credit
Section 75.2 - Disclosure of the portion of the premium paid for the coverage under section 3447(b) of the insurance law

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

Section 3447 (a) of the Insurance Law provides that the tax credit shall only apply against a portion of the premium paid for coverage provided under section 3447 (b) of the Insurance Law. The insurer shall disclose the portion of the premium charged for the coverages provided under section 75.1(a)-(d) of this Part, as separately enumerated items on the policy declarations page. Premiums charged on the policy for other coverages provided shall be shown separately on the declarations page.

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