N.Y. Comp. Codes R. & Regs. Tit. 11 § 228.4 - Allocation of expenses

A title insurance corporation that reports, on expense schedules submitted pursuant to the annual data call, allocated expenses for expenses incurred outside this state in connection with title insurance business in this state, shall submit to the superintendent, within 30 days of the effective date of this Part, the method of the title insurance corporation's allocation. The title insurance corporation shall not allocate an amount for expenses incurred outside this state that exceeds the percentage of premium written in this state compared to nationwide, for that year. A title insurance corporation shall not allocate to this state any expenditure that is not in accordance with Insurance Law article 23, this Part, or prohibited under Insurance Law section 6409(d).

Notes

N.Y. Comp. Codes R. & Regs. Tit. 11 § 228.4

Adopted New York State Register October 18, 2017/Volume XXXIX, Issue 42, eff. 12/18/2017