New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter VI - AUTHORIZED INVESTMENTS
Part 178 - DERIVATIVE TRANSACTIONS
Section 178.1 - Applicability
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 178.1
Current through Register Vol. 46, No. 39, September 25, 2024
(a) This Part applies to all domestic and foreign life, property/casualty, reciprocal, mortgage guaranty, co-operative property/casualty and financial guaranty insurers. In addition, this Part applies to foreign fraternal benefit societies and accredited reinsurers. The applicability of this Part to foreign insurers, to foreign fraternal benefit societies and to accredited reinsurers is based upon the provisions of section 1410 (k) of the Insurance Law.
(b) No insurer subject to this Part shall enter into derivative transactions, except in accordance with the provisions of this Part.
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