Statement that the proposed action amending 11 NYCRR Part 80-1 (Insurance Regulation 52) is a consensus rulemaking and that no person is likely to object to its adoption.
This rulemaking conforms section 80-1.5(c) to recent amendments made to Insurance Law section 1505(d) by Chapter 238 of the Laws of 2013, repeals section 80-1.8 because Chapter 238 added similar language to Insurance Law section 1506, and renumbers section 80-1.9 as section 80-1.8.
Because this amendment merely conforms the rule with revisions made to the Insurance Law, no person or entity is likely to object to this rulemaking. Thus, this rulemaking is determined by the agency to be a consensus rulemaking, as defined in State Administrative Procedure Act ("SAPA") § 102(11), and is proposed pursuant to SAPA § 202(1)(b)(i). Therefore, this rulemaking is exempt from the requirement to file a Regulatory Impact Statement, Regulatory Flexibility Analysis for Small Businesses and Local Governments, or Rural Area Flexibility Analysis.