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. 12, March 20, 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.

Disclaimer: These regulations may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.