New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter V - Rates And Rating Organizations
Subchapter D - Rate Regulation And Promotion Of Competition
Part 161 - Flexible-rating System; Rating Plans; Tort Reform Refiling Requirements
Section 161.9 - Insurers under common control
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 161.9
Current through Register Vol. 46, No. 39, September 25, 2024
In the event an expiring policy is renewed with another insurer under common control, as defined in section 107 (a)(16) of the Insurance Law, both expiring and renewing insurers under common control shall maintain records, subject to the department's examination, documenting the specific underwriting criteria or other valid business reasons for shifting the policy.
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