N.Y. Comp. Codes R. & Regs. tit. 11 § 226.2

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

Section 226.2 - Applicability

(a)

(1) This Part shall apply to a policy that is:

(i) issued by a domestic insurer and any account established under or as a result of such policy; or

(ii) delivered or issued for delivery in this State by an authorized foreign insurer and any account established under or as a result of such policy.

(b) Notwithstanding subdivision (a) of this section, with respect to a policy delivered or issued for delivery outside this State, a domestic insurer may, in lieu of the requirements of this Part, implement procedures that meet the minimum requirements of the State in which the insurer delivered or issued the policy, provided that the superintendent determines that such other requirements are no less favorable to the policyowner and beneficiary than those required by this Part.

N.Y. Comp. Codes R. & Regs. Tit. 11 § 226.2

Adopted, New York State Register February 12, 2014/Volume XXXVI, Issue 6, eff. 2/12/2014