New York Codes, Rules and Regulations Title 11 - INSURANCE
New York Codes, Rules and Regulations (NYCRR) – Title 11: Insurance
Title 11 of the NYCRR contains the rules and regulations issued by the New York State Department of Financial Services (DFS) related to the insurance industry. It governs all aspects of insurance regulation in the state, including the licensing of insurers and producers, policy standards, consumer protections, financial requirements, and more.
🔎 Overview of Title 11 - INSURANCE
Each section of Title 11 is referred to as a Part, and each Part addresses a particular regulatory area.
📘 Commonly Referenced Parts in Title 11 NYCRR:
11 NYCRR Part 52 – Minimum Standards for Form, Content and Sale of Health Insurance
Requirements for health insurance policies sold in New York.
Covers topics like maternity benefits, coverage for dependent children, and preexisting condition exclusions.
11 NYCRR Part 65 – Insurance Regulation 68: No-Fault Insurance
Details on New York’s no-fault auto insurance law.
Rules for claims processing, billing, arbitration, and dispute resolution.
11 NYCRR Part 86 – Insurance Regulation 95: Anti-Fraud
Regulations related to the detection, investigation, and prevention of insurance fraud.
Requires insurers to establish anti-fraud plans.
11 NYCRR Part 420 – Licensing of Insurance Producers
Governs agent and broker licensing, continuing education, and disciplinary actions.
11 NYCRR Part 243 – Insurance Regulation 152: Record Retention
Specifies how long insurance companies must retain records and which documents must be stored.
11 NYCRR Part 227 – Credit for Reinsurance
Rules for reinsurance agreements, including required security and standards for assuming insurers.
🧾 Topics Covered in Title 11 Include:
Life, health, property, and casualty insurance rules
Risk-based capital requirements
Holding company regulations
Surplus lines and unauthorized insurers
Insurance company licensing and solvency monitoring
Market conduct and consumer protections
Disclosures and advertising standards
Cybersecurity (see 23 NYCRR Part 500, which applies to insurers but is technically in Title 23)
🏛 Administering Agency:
New York State Department of Financial Services (DFS)
Website: https://www.dfs.ny.gov
RELATED Blog
0 comments