New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter IV - Financial Condition Of Insurer and Reports to Superintendent
Subchapter E - Property/casualty Insurance Security Fund
Part 130 - Property/casualty Insurance Security Fund; Contributions To Fund And Applicability Of Income Of Fund
Section 130.5 - Assessment by the association
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 130.5
Current through Register Vol. 46, No. 39, September 25, 2024
The association shall immediately establish and implement a procedure acceptable to the superintendent to assess and collect from its members, their respective shares of all amounts due relating to that portion of any estimated deficit from operations approved by the superintendent, pursuant to section 5405 (c) of the Insurance Law and remaining after application of the funds provided for by section 5405 (d) of the Insurance Law.
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