N.Y. Comp. Codes R. & Regs. Tit. 11 § 16.9 - Records maintenance and examination
(a) An insurer granted a special risk license
by the superintendent pursuant to section
6302
of the Insurance Law shall maintain in this State an underwriting office:
(1) that shall be under the control of the
insurer's management and staffed with personnel who are charged with the
responsibility for making underwriting decisions relating to policies issued
pursuant to this Part; and
(2) in
which the insurer shall maintain or have electronic access to the underwriting
files, experience statistics, financial and other records, applicable to
business underwritten and transacted under section
6302
of the Insurance Law, subject to examination by the superintendent as often as
the superintendent deems necessary.
(b) An insurer that does not renew its
special risk license shall make its records regarding special risk business
available to the superintendent upon request.
Notes
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