N.Y. Comp. Codes R. & Regs. tit. 11, § 421.7 – Oversee service provider arrangements. | Midpage
§ 421.7
N.Y. Comp. Codes R. & Regs. tit. 11, § 421.7
Oversee service provider arrangements.
Insurance
(a) exercises appropriate due diligence in selecting its service providers; and
(b) requires its service providers to implement appropriate measures designed to meet the objectives of this Part, and, where indicated by the licensee's risk assessment, takes appropriate steps to confirm that its service providers have satisfied such obligations.