1/10/07 N.Y. St. Reg. INS-43-06-00004-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
Amendment of Part 262 (Regulation 162) of Title 11 NYCRR.
Statutory authority:
Insurance Law, sections 201, 301, 1113(a)(29), 1116 and arts. 23 and 63
Subject:
Legal services insurance.
Purpose:
To permit legal services insurance to qualify as a special risk only if the coverage of the policy of liability insurance of which it is a part also qualifies as a special risk coverage pursuant to Part 16 of Title 11 of the New York Codes, Rules and Regulations and Article 63 of the Insurance Law, and the policy is written on such basis.
Text or summary was published
in the notice of proposed rule making, I.D. No. INS-43-06-00004-P, Issue of October 25, 2006.
Final rule as compared with last published rule:
No changes.
Text of rule and any required statements and analyses may be obtained from:
Andrew Mais, Insurance Department, 25 Beaver St., New York, NY 10004, (212) 480-2285, e-mail:
amais@ins.state.ny.usAssessment of Public Comment
The agency received no public comment.
