N.Y. Comp. Codes R. & Regs. tit. 12 § 318.2

Current through Register Vol. 46, No. 45, November 2, 2024

Section 318.2 - Assessment rate

(a) On the first day of November, 2013 and annually thereafter, the chair shall establish an annual assessment rate. Such rate shall be applicable to policies effective on or after January 1st of the next succeeding calendar year, unless otherwise directed pursuant to section 318.6 of this Part, and shall be applied to a base of standard premium as defined at section 318.4 of this Part. The amounts collected and remitted to the board for assessments will not be considered premium.

(b) The annual rate shall be available upon request and published on the board's website on or before November 1st of every calendar year.

N.Y. Comp. Codes R. & Regs. Tit. 12 § 318.2

Adopted, New York State Register January 7, 2015/Volume XXXVII, Issue 01, eff.1/7/2015