Ads
related to: regulation 68 new york insurance companiesgeico.com has been visited by 10K+ users in the past month
Search results
Results From The WOW.Com Content Network
The Home Life Insurance Company based in Brooklyn, New York was the first life insurer to be authorized by the newly formed New York State Insurance Department in 1860. Superintendent Barnes supervised the filings of 155 fire insurance companies and 16 life insurance companies during his first year in office. [1]
The New York Codes, Rules and Regulations (NYCRR) contains New York state rules and regulations. [1] ... Insurance: 4 volumes 12: Labor: 5 volumes 13: Law: 1 volume 14:
The New York State Legislature unanimously confirmed Benjamin M. Lawsky on May 24, 2011, as New York State's first Superintendent of Financial Services. [9] From May 24, 2011, until October 3, 2011, Lawsky also was appointed, and served as, Acting Superintendent of Banks for the former New York State Banking Department. [9]
In the second session a model law was passed; many states adopted a standard fire insurance policy known as the New York Standard Fire Policy of 1886. [5] It has been argued that the policy was designed to favor the industry, as it contains various conditions which, if not adhered to, render the policy void.
The first state commissioner of insurance was appointed in New Hampshire in 1851 and the state-based insurance regulatory system grew as quickly as the insurance industry itself. [4] Prior to this period, insurance was primarily regulated by corporate charter, state statutory law and de facto regulation by the courts in judicial decisions.
As a result, a patchwork of separate regulations proliferated to the dismay of insurance companies which sought uniform regulation across states. In an effort to promote federal regulation of the insurance industry, a number of New York insurance companies orchestrated a test case to try to invalidate state regulation.
Ads
related to: regulation 68 new york insurance companiesgeico.com has been visited by 10K+ users in the past month