New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter IV - Financial Condition Of Insurer and Reports to Superintendent
Subchapter C - Fire, Marine, Casualty And Surety Insurers
Part 106 - Allocation Of Joint Expenses To Companies
Section 106.4 - Other bases permitted or prescribed
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 106.4
Current through Register Vol. 46, No. 12, March 20, 2024
For those operating expense classifications permitting the basis, overhead on salaries or premiums, any other basis of allocation may be adopted which yields more accurate results. The bases "overhead on salaries and premiums" shall not be used if clearly inappropriate.
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