N.Y. Comp. Codes R. & Regs. Tit. 11 §§ 166-1.5

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

Section 166-1.5 - Excess profit threshold

(a) The excess profit threshold shall be 21 percent.

(b) The department has followed the general approach of its consultant's statistical analysis but, on a judgment basis, has modified the excess profit threshold of 22.4 percent that was recommended by the consultant. As explained below, the department has selected a lower excess profit threshold of 21 percent, rounded to the nearest full percentage, which is based on net worth, the assumption of the normal distribution, and a probability level which differs from that selected by the consultant.

(c) See section 166-2.5 of this Part for discussion of this section.

N.Y. Comp. Codes R. & Regs. Tit. 11 §§ 166-1.5