N.Y. Comp. Codes R. & Regs. Tit. 11 §§ 151-3.8

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

Section 151-3.8 - Amount of credit for a wslpip when not implemented for consecutive years

(a) An insured that ceases to maintain a previously approved WSLPIP for less than four years shall, upon application pursuant to 12 NYCRR 60-1.6, be eligible for a credit in an amount equal to the amount that the insured would have been entitled to as if the insured had continuously maintained the WSLPIP.

(b) An insured that ceases to maintain a previously approved WSLPIP for four or more years shall, upon application pursuant to 12 NYCRR 60-1.6, be eligible for a credit in an amount equal to the amount that the insured would have been entitled to as if the insured were a new entrant into the WSLPIP.