New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter X - Records
Part 243 - Standards Of Records Retention By Insurance Companies
Section 243.1 - Definitions
Current through Register Vol. 46, No. 12, March 20, 2024
For the purposes of this Part, the following terms shall apply:
(a) Insurer means an authorized insurer, as such term is defined in Insurance Law, section 107(a)(10); a joint underwriting association; the State insurance fund; the medical malpractice insurance plan; the New York property insurance underwriting association; the New York automobile insurance plan; the motor vehicle accident indemnification corporation; a health maintenance organization subject to Public Health Law, article 44; an employee welfare fund; a charitable annuity society, pension fund, retirement system, fraternal benefit society, or other entity exempt from the doing of an insurance business pursuant to Insurance Law, section 1108 or other section of the Insurance Law and which is subject to examination by the superintendent; a viatical settlement company; or a licensed rate service organization.
(b) Records means books, records, files, securities, data compilations and other documents.
(c) Durable medium means a medium for maintaining a record where the properties of such medium provide reasonable assurances against tampering with the information contained in the original and degradation of any reproduction generated, and where the reproduction is an exact copy of the original. The medium may include paper; facsimile; or photographic, micrographic, magnetic, optical, mechanical or electronic media.
