Excess Line Placements Governing Standards | Midpage

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New York Codes, Rules and Regulations

Part 27

Excess Line Placements Governing Standards

Insurance

27.0Preamble and applicability.27.1Definitions.27.2Excess line broker license application and renewal.27.3Submission of risk to authorized insurers.27.4Binding authority.27.5Supporting affidavits.27.6Documents to be filed with excess line association.27.7Reports to be filed by excess line association.27.8Annual premium tax statement.27.9Premium tax allocation.27.10Policy form compliance.27.11Prohibited activities.27.12Service fees.27.13Duty to inquire about unauthorized insurers.27.14Filings by unauthorized insurers; authorization to receive premium.27.15Advice to insureds and evidence of coverage.27.16Delivery of policy or other documents and required legend; required notification.27.17Assessment policies.27.18Return premiums.27.19Recordkeeping requirements.27.20Unauthorized insurer's contractual obligations.27.21Exemptions from electronic filing and submission requirements.27.22Separability provision.27.23[Repealed]27.24[Repealed]