New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter IV - Financial Condition Of Insurer and Reports to Superintendent
Subchapter A - Rules of General Application
Part 79 - Letters Of Credit
Section 79.3 - Permissible condition
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 79.3
Current through Register Vol. 46, No. 39, September 25, 2024
The heading of the letter of credit may include a boxed section identifying the applicant and containing other appropriate notations as a reference for such letter of credit. The boxed section must be clearly marked to indicate that such information is "For Internal Identification Purposes Only" and does not affect the terms of the letter of credit or the bank's obligations thereunder.
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