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New York Codes Rules Regulations (Last Updated: March 27,2024) |
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TITLE 11. Insurance |
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Chapter III. Policy and Certificate Provisions |
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Subchapter B. Property and Casualty Insurance |
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Part 75. Standards for Insurance that Qualifies for the Environmental Remediation Insurance Tax Credit |
Sec. 75.2. Disclosure of the portion of the premium paid for the coverage under section 3447(b) of the Insurance Law
Latest version.
- Section 3447(a) of the Insurance Law provides that the tax credit shall only apply against a portion of the premium paid for coverage provided under section 3447(b) of the Insurance Law. The insurer shall disclose the portion of the premium charged for the coverages provided under section 75.1(a)-(d) of this Part, as separately enumerated items on the policy declarations page. Premiums charged on the policy for other coverages provided shall be shown separately on the declarations page.