N.Y. Comp. Codes R. & Regs. tit. 11 § 16.7

Current through Register Vol. 46, No. 53, December 31, 2024

Section 16.7 - Reporting requirements

(a)Financial reports.

Every insurer writing special risks pursuant to this Part shall file with its annual and quarterly statements supplemental financial reports using a form prescribed by the superintendent.

(b)Experience reports.

Every insurer writing special risks pursuant to this Part shall file with its annual and quarterly statements the following information on a direct basis, in accordance with section 16.12 of this Part, classification codes, in a form prescribed by the superintendent:

(1) written premiums;

(2) earned premiums;

(3) losses paid;

(4) cumulative number of claims closed with payment;

(5) cumulative number of claims closed without payment;

(6) outstanding loss reserves;

(7) number of claims outstanding;

(8) losses incurred;

(9) loss adjustment expenses paid;

(10) unallocated loss adjustment expenses paid;

(11) allocated loss adjustment expenses outstanding;

(12) unallocated loss adjustment expenses outstanding;

(13) allocated loss adjustment expenses incurred;

(14) unallocated loss adjustment expenses incurred;

(15) commissions incurred;

(16) commissions paid; and

(17) number of policies issued.

For premium tax purposes, premiums allocated to locations outside this State shall be coded separately.

(c)Other reports.

The superintendent may require the filing of such additional reports as are deemed necessary to implement the provisions of article 63 of the Insurance Law and this Part.

N.Y. Comp. Codes R. & Regs. Tit. 11 § 16.7

Amended, New York State Register April 2, 2014/Volume XXXVI, Issue 13, eff.4/2/2014