Statement setting forth the basis for the finding that the proposed Twelfth Amendment to 11 NYCRR 62, Subpart 62-2 (Insurance Regulation 96) will not have a substantial adverse impact on jobs and employment opportunities.

This amendment merely updates the rule by removing obsolete references and instructions. Amendment of the rule will not adversely impact job or employment opportunities in New York, or have any adverse impact on self-employment opportunities, because the revision imposes no new or additional requirements on any insurer subject to the rule.