N.Y. Comp. Codes R. & Regs. Tit. 11 §§ 166-1.4

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

Section 166-1.4 - Measurement of profitability

(a) Profitability shall be measured by relating profits to net worth rather than to sales or total capital.

(b) Section 2323 of the Insurance Law states that rates of return on net worth, assets and premiums earned shall be calculated. Section 2329 requires that an excess profit be defined in terms of return on net worth.

(c) See section 166-2.4 of this Part for discussion of this section.

N.Y. Comp. Codes R. & Regs. Tit. 11 §§ 166-1.4