NEW YORK STATE
INSURANCE DEPARTMENT

FIRST AMENDMENT TO REGULATION NO. 152
(11 NYCRR 243)

STANDARDS OF RECORDS RETENTION BY INSURANCE COMPANIES

        I, Gregory V. Serio, Superintendent of Insurance of the State of New York, pursuant to the authority granted by Sections 201, 301, 309, 310 and 2344 of the Insurance Law, do hereby promulgate the following First Amendment to Part 243 of Title 11 of the Official Compilation of Codes, Rules and Regulations of the State of New York (Regulation No. 152) to take effect upon publication in the State Register, to read as follows:

Section 243.1(a) of Part 243 is amended to read as follows:

        (a) "Insurer" means an authorized insurer, as such term is defined in Insurance Law Section 107(a)(10); a joint underwriting association; [the life insurance department of a savings bank, as such term is defined in Banking Law Section 261;] the state insurance fund; the medical malpractice insurance [association] plan; the New York property insurance underwriting association; the New York automobile insurance plan; the motor vehicle accident indemnification corporation; a health maintenance organization subject to Public Health Law Article 44; an employee welfare fund; a charitable annuity society, pension fund, retirement system, fraternal benefit society, or other entity exempt from the doing of an insurance business pursuant to Insurance Law Section 1108 or other section of the Insurance Law and which is subject to examination by the superintendent; a viatical settlement company; or a licensed rate service organization.

        I, Gregory V. Serio, Superintendent of Insurance of the State of New York, do hereby certify that the foregoing is the First Amendment to Part 243 of Title 11 of the Official Compilation of Codes, Rules and Regulations of the State of New York (Regulation No. 152), promulgated by me on September 4, 2003, pursuant to the authority granted by Sections 201, 301, 309, 310 and 2344 of the Insurance Law.

        Pursuant to the provisions of the State Administrative Procedure Act, prior notice of the proposed regulation was published in the State Register on July 2, 2003. No other publication or prior notice is required by statute.

 

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Gregory V. Serio
Superintendent of Insurance

 

September 4, 2003