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 106. Allocation of Joint Expenses to Companies |
Sec. 106.6. Records required
Latest version.
- (a) The methods followed in allocating joint expenses shall be described, kept and supported as set forth under “detail of allocation bases” (see section 109.4[g], infra).(b) The effects of the application, to each operating expense classification of all bases of allocation shall be shown on records kept in clear and legible form. Such records shall be readily available for examination.