New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter XVI - Service Contracts
Part 390 - Service Contracts
Section 390.9 - Termination of service contract reimbursement insurance policy; notice to the superintendent

Universal Citation: 11 NY Comp Codes Rules and Regs ยง 390.9

Current through Register Vol. 46, No. 12, March 20, 2024

(a) The notice to the superintendent of termination of the service contract reimbursement insurance policy required by section 7909 of the Insurance Law shall be in writing and shall be mailed or delivered to the superintendent at the following address:

New York State Insurance Department

Licensing Bureau--Registration Unit

One Commerce Plaza

Albany, NY 12257

(b) With respect to a termination initiated by the insurer, the notice shall be mailed or delivered to the superintendent at least 15 days prior to the effective date of the termination. A copy of the notice issued to the insured pursuant to section 3426 of the Insurance Law shall accompany the notice to the superintendent.

(c) With respect to a termination initiated by the service contract provider, the notice shall be mailed or delivered by the insurer to the superintendent no later than five days after the notice of termination was received by the insurer.

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