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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. 106.4. Other bases permitted or prescribed
Latest version.
- For those operating expense classifications permitting the basis, overhead on salaries or premiums, any other basis of allocation may be adopted which yields more accurate results. The bases “overhead on salaries and premiums” shall not be used if clearly inappropriate.