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 93.5 - Records and reporting

Universal Citation: 11 NY Comp Codes Rules and Regs ยง 93.5
Current through Register Vol. 46, No. 39, September 25, 2024

Each life insurer engaging in the aircraft reinsurance business shall maintain accounting records which adequately reflect the operations of its aircraft reinsurance line of business in a manner similar to that of a fire or casualty insurer doing the same kind of business. Such records shall distinguish, as reasonably practical, between the reinsurance of conventional aircraft and space vehicles. In this respect Insurance Department Regulation 33 (11 NYCRR 90-91) will be applicable to the allocation of expenses to such line of business. Each life insurer engaging in such business shall report to the superintendent in such manner and at such times as the superintendent may hereafter prescribe with respect to this line of business and the funds applied thereto.

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