New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter IV - Financial Condition Of Insurer and Reports to Superintendent
Subchapter B - Life Insurers
Part 93 - Aircraft Reinsurance By Life Insurers
Section 93.4 - Limitation of risk
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 93.4
Current through Register Vol. 46, No. 39, September 25, 2024
Notwithstanding the provisions of section 1115 of the Insurance Law, the amount of any single aircraft risk shall be limited to not more than two percent of the life insurer's total capital and surplus as of the preceding year-end.
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