New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 11. Insurance |
Chapter V. Rates and Rating Organizations |
Subchapter B. Commercial and Industrial Risks |
Part 153. Property/Casualty Insurance Group and Quasi-Group Standards |
Sec. 153.11. Exemptions
Latest version.
- This Part shall not apply to:(a) ocean marine cargo open policies issued or renewed to a foreign freight forwarder or custom house broker, as referred to in section 2101(c)(3) of the Insurance Law, covering the ongoing shipment of goods;(b) credit unemployment policies, as specified by section 1113(a)(24) of the Insurance Law; or(c) channeling, as specified in section 3436(a) of the Insurance Law, if and only to the extent that such program has been previously permitted by the superintendent prior to July 1, 1986.