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. 153.2. Scope
Latest version.
- (a) Property/casualty or liability insurance may be issued or renewed in this State on a group or quasi-group basis only in compliance with this Part.(b) This Part sets forth standards, requirements and procedures governing:(1) group policies and certificates under section 3435 of the Insurance Law;(2) group policies and certificates in connection with a Federal purchasing group; and(3) quasi-group policies, through a mass merchandising, safety group or similar program, in connection with State law or a Federal purchasing group.