6/11/14 N.Y. St. Reg. DFS-13-14-00002-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
Amendment of Subpart 80-1 (Regulation 52) of Title 11 NYCRR.
Statutory authority:
Financial Services Law, sections 202 and 302; and Insurance Law, sections 301, 1505 and 1506
Subject:
Holding Companies.
Purpose:
To conform to amendments made to Insurance Law section 1505(d) by Chapter 238 of the Laws of 2013.
Text or summary was published
in the April 2, 2014 issue of the Register, I.D. No. DFS-13-14-00002-P.
Final rule as compared with last published rule:
No changes.
Text of rule and any required statements and analyses may be obtained from:
Joana Lucashuk, New York State Department of Financial Services, One State Street, New York, NY 10004, (212) 480-2125, email:
joana.lucashuk@dfs.ny.govRevised Job Impact Statement
Amendment of the regulation will not adversely impact job or employment opportunities in New York, or have any adverse impact on self-employment opportunities, because the revision imposes no new or additional requirements on any insurer subject to the rule. This rulemaking is amended to conform to recent amendments made to Insurance Law sections 1505(d) and 1506 by Chapter 238 of the Laws of 2013. The Department of Financial Services believes that the amended rule will not result in any adverse job or employment impact.
Assessment of Public Comment
The agency received no public comment.
