N.Y. Comp. Codes R. & Regs. tit. 11 § 72.4
Current through Register Vol. 46, No. 45, November 2, 2024
| Type of corporation | Minimum retention amounts | Minimum coinsurance percentage | ||
| Individual | Aggregate | |||
| (a) | For corporations subject to the B.L. or B.C.L. (including insurance corporations, transportation corporations, etc. and with: | |||
| (1) assets greater than $20,000,000: | $5,000 | $50,000 | 0.5% | |
| (2) assets greater than $10,000,000 up to $20,000,000: | 4,000 | 40,000 | 0.4% | |
| (3) assets greater than $5,000,000 up to $10,000,000: | 3,000 | 30,000 | 0.3% | |
| (4) assets of $5,000,000 or less: | 2,000 | 20,000 | 0.2% | |
| (b) | Corporations subject to the Cooperative Corporations Law: | 100 | 1,000 | 0.1% |
| (c) | Corporations subject to the Religious Corporations Law: | 100 | 1,000 | 0.1% |
| (d) | Corporations subject to the N-PCL | 100 | 1,000 | 0.1% |
N.Y. Comp. Codes R. & Regs. Tit. 11 § 72.4