NEW YORK STATE
INSURANCE DEPARTMENT

FOURTH AMENDMENT TO REGULATION NO. 25
(11 NYCRR 26)

INDEPENDENT ADJUSTERS

        I, NEIL D. LEVIN, Superintendent of Insurance of the State of New York, pursuant to the authority granted by Sections 201, 301, 1116 and 2108 of the Insurance Law and Chapter 65 of the Laws of 1998, do hereby promulgate the Fourth Amendment to Part 26 of Title 11 of the Official Compilation of Codes, Rules and Regulations of the State of New York (Regulation 25), to take effect upon publication in the State Register.

NEW MATERIAL UNDERSCORED

        References in Sections 26.1, 26.2, 26.3, 26.4(a), and 26.5 of this Part to Section 123 of the Insurance Law are amended to read Section 2108 of the Insurance Law.

        Section 26.3(g) is amended to read as follows:

        (g) Independent adjuster, casualty. The independent adjuster, casualty, shall have authority to investigate and adjust all claims arising under policies of personal injury and property damage liability insurance, burglary and theft insurance, glass insurance, workers' compensation and employer's liability insurance, boiler and machinery insurance, elevator insurance, credit insurance, animal insurance, collision insurance, legal services insurance, and water damage insurance, but shall not include the investigation and adjustment of losses of motor vehicle and aircraft insurance as specified under subdivisions (c) and (d) of this section.

 

        I, Neil D. Levin, Superintendent of Insurance of the State of New York, do hereby certify that the foregoing is the fourth amendment to 11 NYCRR 26 (Regulation 25), promulgated by me on March 1, 2000, pursuant to the authority granted by Sections 201, 301, 1116 and 2108 of the Insurance Law and Chapter 65 of the Laws of 1998, 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 December 1, 1999. No other publication or prior notice is required by statute.
 

__________________________
Neil D. Levin
Superintendent of Insurance
 
 

By:_________________________
GREGORY V. SERIO
FIRST DEPUTY SUPERINTENDENT

Dated: March 1, 2000