New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 11. Insurance |
Chapter IV. Financial Condition of Insurer and Reports to Superintendent |
Subchapter D. Reinsurance |
Part 126. Trust Agreements |
Sec. 126.1. Purpose
Latest version.
- The department has recently reviewed the various conditions it has required in connection with the use of trust agreements and, by means of this Part, informs all licensed insurers that such agreements will not be acceptable to the department unless they meet certain required conditions.