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 153.2 - Scope
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 153.2
Current through Register Vol. 46, No. 39, September 25, 2024
(a) Property/casualty or liability insurance may be issued or renewed in this State on a group or quasi-group basis only in compliance with this Part.
(b) This Part sets forth standards, requirements and procedures governing:
(1)
group policies and certificates under section
3435 of the
Insurance Law;
(2) group policies
and certificates in connection with a Federal purchasing group; and
(3) quasi-group policies, through a mass
merchandising, safety group or similar program, in connection with State law or
a Federal purchasing group.
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