N.Y. Comp. Codes R. & Regs. tit. 11 § 430.8

Current through Register Vol. 46, No. 43, October 23, 2024

Section 430.8 - Temporary administrator

(a) In order to provide for the orderly transition of policies from the MMIA to the plan, and to avoid disruption in the medical malpractice insurance market, the superintendent may appoint one or more insurers writing medical malpractice insurance in this State as a temporary administrator, to act on behalf of the plan for the period beginning June 30, 2000 until such time as the plan becomes operational.

(b) The temporary administrator shall have the authority, on behalf of the plan, to:

(1) accept applications and deposit premiums from prospective insureds; and

(2) issue binders evidencing insurance.

N.Y. Comp. Codes R. & Regs. Tit. 11 § 430.8