N.Y. Comp. Codes R. & Regs. Tit. 11 §§ 18-1.1
Current through Register Vol. 46, No. 38, September 18, 2024
Section 18-1.1 - Definitions(a) Exchange means the New York Insurance Exchange, Inc.(b) Constitution means the constitution and bylaws of the exchange.(c) Board means the board of governors of the New York Insurance Exchange, Inc. then in office.(d) Board of directors means the board of directors of the Security Fund as described in article 13, section 9 of the constitution.(e) Superintendent means the Superintendent of Insurance of the State of New York.(f) Insurance Law means the Insurance Law of the State of New York.(g) Underwriting member shall have the meaning as set forth in paragraph (a), section 1, article VII of the constitution.(h) Broker member shall have the meaning as set forth in paragraph (b), section 1, article VII of the constitution.(i) Member shall mean an underwriting member or broker member.(j) Associate broker shall have the meaning as set forth in section 2, article VII of the constitution.(k) Underwriting manager shall have the meaning as set forth in section 3, article IX of the constitution.(l) Subscriber shall have the meaning as set forth in section 3, article VII of the constitution.(m) Security Fund means the NYIE Security Fund, Inc. as set forth in section 1, article XIII of the constitution.(n) Exchange contract shall have the meaning as set forth in section 1, article IX of the constitution.(o) Earned surplus shall have the meaning as set forth in section 102(a)(6) of the New York Business Corporation Law.(p) Life department means that portion of business of a life and property and casualty syndicate, as referred to in section 18-1.2(h)(3) of this Subpart, that can be attributed to life insurance and reinsurance.(q) Deputy or deputies shall mean a natural person or persons to whom binding authority has been delegated by an underwriting manager pursuant to section 3, article IX of the constitution.N.Y. Comp. Codes R. & Regs. Tit. 11 §§ 18-1.1