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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 IV. Financial Condition of Insurer and Reports to Superintendent |
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Subchapter A. Rules of General Application |
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Part 85. Allowance of Aircraft as an Admitted Asset |
Sec. 85.1. Application
Latest version.
- An application for a determination that an aircraft acquired after the effective date of section 1301(a)(19) and after the effective date of this Part by a domestic or foreign insurer or United States branch of an alien insurer be allowed as an admitted asset shall be filed with the superintendent for prior written approval that such acquisition is in compliance with the standards promulgated by this Part.