N.Y. Comp. Codes R. & Regs. tit. 11 § 128.0
Current through Register Vol. 46, No. 53, December 31, 2024
Section 1321 of the Insurance Law authorizes the Superintendent of Financial Services to permit an impaired or insolvent domestic insurer or an impaired or insolvent United States branch of an alien insurer entered through this state to commute reinsurance agreements as a means of eliminating such an impairment or insolvency. This Part sets forth applicable standards that the superintendent will use in determining whether such commutations will be approved.
N.Y. Comp. Codes R. & Regs. Tit. 11 § 128.0