N.Y. Comp. Codes R. & Regs. tit. 11 § 94.11

Current through Register Vol. 46, No. 53, December 31, 2024

Section 94.11 - Grading to higher reserves

Where the requirements of this Part produce higher reserves than those calculated for the 2002 year-end valuation, the insurer may linearly interpolate between the higher reserves required by this Part and the lower reserves based on the standards used for 2002 year-end as follows:

(a) 25 percent and 75 percent, respectively, starting with year-end 2003;

(b) 50 percent and 50 percent, respectively, starting with year-end 2004;

(c) 75 percent and 25 percent, respectively, starting with year-end 2005; and

(d) the insurer shall hold the full amount of such higher reserves starting with year-end 2006.

N.Y. Comp. Codes R. & Regs. Tit. 11 § 94.11