N.Y. Comp. Codes R. & Regs. tit. 11 § 96.5

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

Section 96.5 - Income and expense allocations to the account

For the purposes of this Part, a surplus management account shall be treated as an annual statement line of business, regardless of whether or not the insurer shows the surplus management account as a separate line of business on its annual statement. Allocations of income and expenses to a surplus management account shall be equitable, and shall be made in a manner that is consistent with the allocation method in use by the insurer among or within its annual statement lines of business.

N.Y. Comp. Codes R. & Regs. Tit. 11 § 96.5