NEW YORK STATE INSURANCE DEPARTMENT

TWENTY-FOURTH AMENDMENT TO REGULATION 101
(11 NYCRR 70)

MEDICAL MALPRACTICE INSURANCE:
REQUIRED NOTICES AND RATE MODIFICATIONS

I, Neil D. Levin, Superintendent of Insurance of the State of New York, pursuant to the authority granted by Sections 201, 301, 1113(a)(13) and (14), 3426, 3436, 5504, 5907, 6302, 6303, and Article 23 of the Insurance Law and Chapter 639 of the Laws of 1996, do hereby promulgate the following Twenty-Fourth Amendment to Part 70 of the Official Compilation of Codes, Rules and Regulations of the State of New York (Regulation 101), to take effect upon publication in the State Register, to read as follows:

(NEW MATTER IS UNDERLINED; MATTER IN BRACKETS IS DELETED)

Section 70.19 (c)(7) is hereby amended to read as follows:

(7) For all other insurers, rates shall be those established by paragraph (4) of this subdivision, modified by the difference between the insurer's expenses and those of the Medical Liability Mutual Insurance Company, unless the insurer can demonstrate to the satisfaction of the superintendent that another rate is appropriate. No surcharge shall be collected for any such insurer unless specifically required by the superintendent.

 

I, Neil D. Levin, Superintendent of Insurance of the State of New York, do hereby certify that the foregoing is the Twenty-Fourth Amendment to 11 NYCRR 70 (Regulation 101), promulgated by me on December 7, 1998, pursuant to the authority granted by Sections 201, 301, 1113(a)(13) and (14), 3426, 3436, 5504, 5907, 6302, 6303, and Article 23 of the Insurance Law and Chapter 639 of the Laws of 1996, to take effect upon publication in the State Register.

Pursuant to the provisions of the State Administrative Procedure Act, prior notice of the proposed amendment was published in the State Register on September 30, 1998. No other publication or prior notice is required by statute.

________________________
Neil D. Levin
Superintendent of Insurance

December 7, 1998