N.Y. Comp. Codes R. & Regs. Tit. 11 § 223.1 - Purpose
(a) This Part sets
forth standards to protect active-duty service members of the United States
Armed Forces from dishonest and predatory insurance sales practices, by
identifying and prohibiting certain acts that constitute unfair methods of
competition or unfair or deceptive acts and practices in the conduct of the
business of insurance in this State, or are trade practices constituting
determined violations, as defined in Insurance Law, section
2402(c), in violation of
Insurance Law, section 2403. T his Part also effectuates the Federal Military
Personnel Financial Services Protection Act,
Pub. L. No.
109-290 (2006), which was signed by the president
on September 29, 2006. This Part is intended to be consistent, to the greatest
extent practicable, with the model regulation adopted by the National
Association of Insurance Commissioners on June 4, 2007. While addressing
specific acts and practices with respect to the sale of insurance to
active-duty service members, nothing herein shall be construed as permitting
acts or practices that are otherwise prohibited under other laws or regulations
of this State.
(b) Nothing herein
shall be construed to create or imply a private cause of action for violation
of this Part, or implying that similar conduct in non-military sales
circumstances would be otherwise permissible.
Notes
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