N.Y. Comp. Codes R. & Regs. tit. 11 § 363.10

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

Section 363.10 - Authority of the Superintendent

(a) In addition to the audit authority under sections 363.5(h) and 363.8(b) of this Part, the superintendent shall utilize all additional statutory and regulatory authority to ensure compliance with this Part and all other provisions of Part SS of Chapter 54 of the Laws of 2016.

(b) In accordance with Workers' Compensation Law section 226(9) and section 363.6(a) of this Part, every policy shall include coverage for both disability and family leave benefits coverage. Every issuer shall separately maintain its experience for family leave benefits and for disability benefits provided pursuant to Workers' Compensation Law Article 9. Where an issuer's experience for its disability benefits results in a loss ratio below that required by section 52.45(f) of this Title (Insurance Regulation 62), the superintendent may take into account the special and unique value to the public of the combined policy for disability and family leave benefits in considering whether the standards of section 52.45(f) may be modified pursuant to section 52.45(g) of this Title.

N.Y. Comp. Codes R. & Regs. Tit. 11 § 363.10

Adopted New York State Register May 31, 2017 /Volume XXXIX, Issue 22, eff. 5/31/2017