N.Y. Comp. Codes R. & Regs. tit. 11 § 112.2

Current through Register Vol. 46, No. 50, December 11, 2024

Section 112.2 - Exemptions

(a) Structured settlement annuities for individual claims purchased to implement settlements of policy obligations are exempted from this Part.

(b) Except that the accounting and reporting provisions of section 112.6 of this Part shall nonetheless apply, transactions transferring loss in connection with a court-ordered rehabilitation, liquidation or receivership may be exempted upon written approval by the superintendent, who may establish such other conditions as deemed appropriate in the superintendent's discretion.

(c) The termination of reinsurance treaties entered into in the ordinary course of business are exempted from this Part.

N.Y. Comp. Codes R. & Regs. Tit. 11 § 112.2