New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 11. Insurance |
Chapter IV. Financial Condition of Insurer and Reports to Superintendent |
Subchapter C. Fire, Marine, Casualty and Surety Insurers |
Part 105. Operating Expense Classification for Annual Statement Purposes |
Sec. 105.12. Directors' fees
Latest version.
- Include:Directors' fees and other compensation of directors for attendance at board or committee meetings.Other fees, compensation, and expenses paid to directors.Exclude:Commission to directors for the production of business (see commission and brokerage-direct).