New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter XIV - Individual And Small Group Health Insurance
Part 365 - Paid Family Leave Covid- 19 Risk Adjustment Mechanism
Section 365.6 - COVID-19 Risk Adjustment Pool
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 365.6
Current through Register Vol. 46, No. 12, March 20, 2024
The superintendent shall establish, in the superintendent's sole custody, an account to be called the COVID-19 Risk Adjustment Pool, to receive transfers of funds from insurers subject to the risk adjustment mechanism established by this Part. The moneys so received and deposited in the COVID-19 Risk Adjustment Pool shall not be deemed State funds. The superintendent is authorized to make disbursements without an appropriation from the COVID-19 Risk Adjustment Pool for the purpose of remitting to insurer any moneys due them as a result of the risk adjustment mechanism established by this Part, and such disbursements shall be made pursuant to this Part.
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