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 112 - Loss Portfolio Transfers
Section 112.2 - Exemptions

Universal Citation: 11 NY Comp Codes Rules and Regs ยง 112.2

Current through Register Vol. 46, No. 39, September 25, 2024

(a) Structured settlement annuities for individual claims purchased to implement settlements of policy obligations are exempted from this Part.

(b) Except that the accounting and reporting provisions of section 112.6 of this Part shall nonetheless apply, transactions transferring loss in connection with a court-ordered rehabilitation, liquidation or receivership may be exempted upon written approval by the superintendent, who may establish such other conditions as deemed appropriate in the superintendent's discretion.

(c) The termination of reinsurance treaties entered into in the ordinary course of business are exempted from this Part.

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