New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter V - Rates And Rating Organizations
Subchapter B - Commercial And Industrial Risks
Part 153 - Property/casualty Insurance Group And Quasi-group Standards
Section 153.11 - Exemptions

Current through Register Vol. 46, No. 12, March 20, 2024

This Part shall not apply to:

(a) ocean marine cargo open policies issued or renewed to a foreign freight forwarder or custom house broker, as referred to in section 2101(c)(3) of the Insurance Law, covering the ongoing shipment of goods;

(b) credit unemployment policies, as specified by section 1113(a)(24) of the Insurance Law; or

(c) channeling, as specified in section 3436(a) of the Insurance Law, if and only to the extent that such program has been previously permitted by the superintendent prior to July 1, 1986.

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