N.Y. Comp. Codes R. & Regs. Tit. 11 §§ 166-1.2

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

Section 166-1.2 - Aggregate industry data used

(a) Aggregate industry data shall be used in testing profitability, rather than individual- insurer results.

(b) The aggregate industry data approach has been adopted to minimize random fluctuations, to avoid unfair treatment of insurers with differing financial makeup, and to permit the selection of one relatively low and logically defensible excess profit point.

(c) See section 166-2.2 of this Part for discussion of this section.

N.Y. Comp. Codes R. & Regs. Tit. 11 §§ 166-1.2