N.Y. Comp. Codes R. & Regs. tit. 11 § 365.6
Current through Register Vol. 46, No. 50, December 11, 2024
The superintendent shall establish, in the superintendent's sole custody, an account to be called the COVID-19 Risk Adjustment Pool, to receive transfers of funds from insurers subject to the risk adjustment mechanism established by this Part. The moneys so received and deposited in the COVID-19 Risk Adjustment Pool shall not be deemed State funds. The superintendent is authorized to make disbursements without an appropriation from the COVID-19 Risk Adjustment Pool for the purpose of remitting to insurer any moneys due them as a result of the risk adjustment mechanism established by this Part, and such disbursements shall be made pursuant to this Part.
N.Y. Comp. Codes R. & Regs. Tit. 11 § 365.6