New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 11. Insurance |
Chapter IV. Financial Condition of Insurer and Reports to Superintendent |
Subchapter E. Property/Casualty Insurance Security Fund |
Part 130. Property/Casualty Insurance Security Fund; Contributions to Fund and Applicability of Income of Fund |
Sec. 130.5. Assessment by the association
Latest version.
- The association shall immediately establish and implement a procedure acceptable to the superintendent to assess and collect from its members, their respective shares of all amounts due relating to that portion of any estimated deficit from operations approved by the superintendent, pursuant to section 5405(c) of the Insurance Law and remaining after application of the funds provided for by section 5405(d) of the Insurance Law.