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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 C. Fire, Marine, Casualty and Surety Insurers |
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Part 106. Allocation of Joint Expenses to Companies |
Sec. 106.3. Definitions
Latest version.
- (a) The term premiums used as a basis of allocation means that the allocation of expenses shall follow the percentages of applicable premiums.(b) The term special studies used as a basis of allocation means that expenses shall be analyzed and bases of allocation applied as dictated by that analysis.(c) The term overhead on salaries used as a basis of allocation means that the allocation of expenses shall follow the percentages of the applicable salaries allocation.