NY Tells Insurers To Go By The Book

Law360, New York (February 23, 2009, 12:00 AM EST) -- The New York insurance superintendent has reminded insurers that they must follow New York's capital and surplus accounting standards when they file their annual financial reports with the state.

New York Insurance Superintendent Eric Dinallo said Thursday that he had notified insurers that they must comply with the accounting requirements laid out in New York insurance law no matter what the laws of their home states mandate. Insurers must file their annual reports by March 1.

“New York state insurance law sets out a level playing...
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