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 127. Reinsurance Transactions by Authorized Life Insurers and Certain Other Authorized Insurers |
Sec. 127.1. Scope
Latest version.
- This Part shall apply to every authorized life and accident and health insurer, and to every authorized property/casualty insurer with respect to its accident and health insurance policies. This Part shall not apply to assumption reinsurance, yearly renewable term reinsurance or nonproportional reinsurance which is, or is substantially similar to, stop loss or catastrophe reinsurance.