New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter IV - Financial Condition Of Insurer and Reports to Superintendent
Subchapter B - Life Insurers
Part 96 - Surplus Management Account
Section 96.5 - Income and expense allocations to the account
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 96.5
Current through Register Vol. 46, No. 39, September 25, 2024
For the purposes of this Part, a surplus management account shall be treated as an annual statement line of business, regardless of whether or not the insurer shows the surplus management account as a separate line of business on its annual statement. Allocations of income and expenses to a surplus management account shall be equitable, and shall be made in a manner that is consistent with the allocation method in use by the insurer among or within its annual statement lines of business.
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