11 CRR-NY 16.12NY-CRR
11 CRR-NY 16.12
11 CRR-NY 16.12
16.12 Coding of class 1, class 2, and class 3 risks.
(a) The principal operations of class 1 and class 3 risks shall be coded in accordance with the classification codes filed by the Insurance Services Office under the commercial statistical plan.
(b) Class 2 risks shall be coded in accordance with the classification codes included in the list issued annually by the superintendent pursuant to section 16.1(f)(2) of this Part.
(c) The appropriate classification code shall be indicated on the lower left corner of the front page of each binder, policy, contract, rider or endorsement, and on all subsequent amendments thereto, used pursuant to this Part, with a summary classification of codes attached to the rating worksheets or similar data contained in the policy files.
(d)
(1) Special risks classified under class 2 that generate a premium in an amount that qualifies as a class 1 risk shall, for reporting purposes, be designated as class 2 risks; and
(2) Special risks classified under class 2 that also qualify as class 3 risks shall, for reporting purposes, be designated as class 2 risks.
(e) The following is a list and description of coverages that may be written as class 2 risks pursuant to section 16.1(f)(2) of this Part:
| Statistical code | Classification |
|---|---|
| 2-14006 | Air Bag Repacking |
| Coverage for liability claims resulting from the improper packaging of air bags. | |
| 2-14007 | Alarm System Liability |
| Coverage against liability of alarm system installers and service contractors for failure to perform services agreed upon with customers or for failure of an alarm to function. | |
| 2-14190 | Amusement Parks and Carnivals |
| Property and/or liability coverage for the owners/operators of amusement parks, theme parks and carnivals. | |
| 2-14191 | Amusement Rides and Devices |
| Property and/or liability coverage for the owners/operators of amusement rides and devices including bumper cars, go-carts and go-cart tracks, giant slides, skateboard tracks, roller-blade tracks, etc. | |
| 2-14165 | Animal Liability |
| Coverage against bodily injury and property damage caused by animals owned by the policyholders. | |
| 2-10017 | Animal Mortality |
| Coverage against the death of any domesticated or wild animal from any cause. | |
| 2-14010 | Animal Rides |
| Liability coverage against bodily injury or property damage caused during the operation of animal ride concessions at zoos, amusement parks, circuses, picnics or private parties, includes coverage for children bitten or thrown by the animal due to excitement, or the negligence of the attendant. | |
| 2-16003 | Armored Car, Couriers or Check Cashing Operations |
| Crime coverage for armored car services, couriers transporting valuable documents and securities, and check cashing operations. | |
| 2-14206 | Auto/Boom Truck Operations/Liability |
| Insurance policy providing both: | |
| (i) commercial auto coverage with limits of liability that meet or exceed the minimum financial responsibility limits; and | |
| (ii) commercial general liability risks for owners, operators and lessors of self-propelled or “road-ready” vehicles with articulated or telescopic arms, cranes or concrete pumpers permanently affixed. Includes liability coverage for operation of boom trucks where equipment was leased with (or without) the services of an operator. The policy shall provide separate and equal per occurrence limits of liability for the commercial auto liability coverage part and the commercial general liability coverage. In addition, any general policy aggregate limit of liability shall not be applicable to the policy’s commercial auto coverage part or to the products/completed operations coverage part and the declarations page shall specifically so indicate. | |
| 2-13001 | Automobile Personal Injury Protection (PIP) Excess of $150,000 |
| First Party, New York No-Fault PIP benefits, excess of $150,000. | |
| 2-50008 | Aviation Hull Insurance |
| Coverage for loss or damage to aircraft. | |
| 2-50007 | Aviation Liability Insurance |
| Coverage against third party liability or passenger liability arising out of occupancy, operation or use of owned or non-owned aircraft. Coverage also may include liability arising out of the insured’s use, ownership or maintenance of helipads and aviation building or premises. | |
| 2-14019 | Banks – Mortgage Interest – All Risks |
| Coverage of the bank's mortgage interest for any reason—must be a nonstandard form. | |
| 2-13002 | Blood Banks, Blood and Organ Facilities Liability |
| Liability coverage for facilities that primarily deal with the collection, storage and distribution of blood, blood products and human organs. | |
| 2-13003 | Boats and Yachts |
| (a) High Speed Boats | |
| Property and liability coverage for the owners and operators of boats capable of attaining speeds in excess of 40 miles per hour; or | |
| (b) Boat Rentals | |
| Property and liability coverage for the owners and operators of boat rental facilities. | |
| 2-13000 | Commercial Excess and Umbrella |
| Liability Insurance | |
| (a) Coverage for commercial excess liability where the underlying policy limits are at least $1 million per occurrence. | |
| (b) Coverage for commercial umbrella liability where the underlying automobile and general liability policies each contain limits of at least $1 million per occurrence. | |
| 2-01007 | Commercial Excess Property Insurance |
| Coverage for commercial excess property insurance where the underlying policy provides at least $1 million in coverage. | |
| 2-14000 | Contractual Liability—Large Contracts |
| Coverage for liability assumed by an insured in an insured contract, where the value of the contract exceeds $1 million. | |
| 2-50011 | Crowdfunding Platforms |
| Directors and officers liability insurance, professional/errors and omissions liability, or fiduciary liability policies providing liability coverage for companies providing a platform, frequently a website or internet application, used to fund projects or ventures by raising monetary contributions from a large number of people. | |
| 2-50002 | Cyber Risks |
| First and third party commercial lines coverage for loss or liability arising out of or relating to cyber risks, including data privacy breaches and other privacy risks, networks security risks, electronic advertising, intellectual property infringement and virus risks. | |
| 2-14041 | Data Processing Company Products Liability |
| Coverage against the failure of various data systems to perform the way the user thought or was promised they would perform. | |
| 2-14043 | Demolition Contractors Liability |
| Coverage against the hazards involved in destruction of old property. | |
| 2-50010 | Directors and Officers Liability Insurance – Biotech and Nanotechnology |
| Policies providing liability coverage for directors and officers of biotechnology and nanotechnology companies. | |
| 2-14045 | Directors and Officers Liability Insurance—Education |
| Policies providing liability coverage for directors and officers, including managers and trustees, of schools, universities or boards of education. | |
| 2-14176 | Directors and Officers Liability Insurance—Insurance Companies and Financial Institutions |
| Policies providing liability coverage for the directors and officers of insurance companies, banks, savings and loan associations, mortgage companies and other financial institutions. | |
| 2-14177 | Directors and Officer Liability Insurance—Certain Commercial Risks |
| (a) Policies providing liability coverage for the directors and officers of corporations that: | |
| (1) have a net worth of at least $7,500,000, as determined by an independent certified public accountant, as of the insured's fiscal year end immediately preceding the policy’s effective date; or | |
| (2) have gross assets exceeding $25,000,000 and a net worth of at least $1,500,000, as determined by an independent certified public accountant, as of the insured's fiscal year end immediately preceding the policy's effective date; or | |
| (3) are for-profit business entities that generate annual gross revenues exceeding $25,000,000, and have a net worth of at least $1,500,000, as determined by an independent certified public accountant, as of the insured’s fiscal year end immediately preceding the policy’s effective date; or | |
| (4) are for-profit business entities that have gross assets exceeding $25,000,000 and generate annual gross revenues exceeding $25,000,000, as determined by an independent certified public accountant, as of the insured’s fiscal year end immediately prceding the policy’s effective date; or | |
| (5) are not-for-profit organizations or public entities with annual budgets exceeding $25,000,000 for each of the three fiscal years immediately preceding the policy’s effective date; or | |
| (b) Policies containing primary liability limits of at least $5,000,000. | |
| 2-14161 | Directors and Officers Liability Insurance—Political Action Committees |
| Policies providing liability coverage for directors, officers, managers, or trustees of political action committees. This may also include liability coverage for the entity that has established the political action committee in regard to the activities of such committee. | |
| 2-50003 | Directors and Officers Liability Insurance—Private Company Package Policies |
| Directors and Officers, Employment Practices Liability, Fiduciary, Crime, and Kidnap and Ransom containing primary liability limits of at least $5,000,000. | |
| 2-14047 | Directors and Officers Liability Insurance—Public Officials |
| Policies providing liability coverage for directors and officers, including managers and trustees, of public entities. | |
| 2-14048 | Directors and Officers Liability Insurance—Union Officials |
| Policies providing liability coverage for directors and officers, including managers, fiduciaries (including ERISA), administrators and trustees of unions or labor organizations, and the employee benefit plans related thereto. | |
| 2-01006 | Electrical Disturbance |
| Coverage for loss resulting from any electrical injury or disturbance to electrical appliances, devices, fixtures or wiring caused by electrical currents artificially generated. This coverage is designed to offset the "electrical apparatus" exclusion usually contained in fire policies. | |
| 2-14181 | Elevator Contractors Liability Insurance |
| Liability coverage for contractors who perform installation, repair or inspection services of, or to, escalators or elevators. | |
| 2-14055 | Environmental Impairment/Pollution Liability |
| Liability coverage and/or pollution clean-up expense coverage for the following: asbestos abatement contractors; general pollution liability; environmental impairment; lead abatement contractors; hazardous waste disposal sites; hazardous waste haulers and shippers; hazardous waste site mitigation contractors; radon mitigation contractors; radon testing firms; underground storage tanks—marketers; and underground storage tanks—non-marketers. | |
| 2-14192 | Explosives, Munitions or Fireworks—Manufacturing or Display |
| Property and/or liability coverage for the manufacturer of explosives, munitions or fireworks and firms which produce fireworks displays or exhibitions. | |
| 2-14060 | Exterminators, Herbicide and Pest Control Contractors Liability |
| Coverage for liability arising out of use of hazardous pesticides needed to control termites and rodents; may include errors and omissions coverages and contractual liabilities from warranties and annual inspections. | |
| 2-14061 | Fair Employment Practices Liability |
| Employment practices and procedures, excluding intentional acts and excluding acts of discrimination. | |
| 2-14183 | Fiduciary Liability |
| Liability coverage for fiduciaries. | |
| 2-14160 | Film Producers/Theatrical Producers Indemnity Insurance |
| Insurance for producers of motion pictures, television programs, theatrical (stage) productions, documentaries, industrial films, commercials and educational productions, including coverage for: | |
| (a) unauthorized use of format, idea, titles, music, etc.; | |
| (b) libel, slander, invasion of privacy, failure to acknowledge “credits” or contributions of others; | |
| (c) third party property damage; | |
| (d) equipment owned or leased; | |
| (e) props, sets and wardrobes; | |
| (f) time element coverage for unavailability of cast, damaged film or negatives; and | |
| (g) extra expense due to delays caused by a covered peril. | |
| 2-05001 | Fine Art Dealers |
| All-risk or named perils coverage for property held for sale by fine art dealers. | |
| 2-01010 | First Loss Property Insurance |
| Property and time element coverage for risks insured for at least $1 million, but less than the total exposure to property and time element losses, where the remaining amount/exposure is insured by facultative excess reinsurance or excess insurance. | |
| 2-05002 | Flood Insurance |
| (a) Flood insurance excess of maximum limits available from the Federal Flood Program; or | |
| (b) Primary coverage on property not eligible for the Federal Flood Program. | |
| 2-13004 | Golf Driving Range Liability |
| Personal injury or property damage liability coverage associated with the operation of a driving range, e.g., flying golf balls, improperly wielded golf clubs, etc. | |
| 2-10001 | Horse and Pony Policy |
| Coverage for the death of the insured animal, including veterinary fees; coverage for loss by theft or straying; and coverage for loss of the value of the insured animal caused by nonfatal sickness or accident. | |
| 2-13005 | Horseback Riding Establishments |
| Coverage for riding academies and pony rides. | |
| 2-14193 | House Movers and Building Demolition Contractors |
| Coverage for liability arising out of the moving of a house or the demolition of a building, for example, injury caused by falling brick, flying debris, etc. and structural or other damage to a house being moved. | |
| 2-14072 | Institutional Administrators Liability |
| Coverage for acts in the capacity of administrator of the institution. | |
| 2-14174 | Joint Hospital and Voluntary Attending Physicians Excess Professional Liability Insurance |
| Voluntary Attending Physician Program (channeling) means a program recognized by section 3436(a) of the Insurance Law which insures one or more hospital and includes, as additional named insureds, persons who are voluntary attending physicians, with coverage applicable to both practice conducted at a hospital with such program and the physicians’ outside office practice, subject to the following minimum requirements: | |
| (1) coverage for the primary level shall be, at the minimum, $1 million per occurrence/$3 million in the aggregate, for each hospital, including its participating attending physicians; | |
| (2) coverage for excess layers shall be in excess of the primary layer specified in paragraph (1) of this subdivision; | |
| (3) each hospital participant must be a licensed general hospital as defined in section 2801 of the Public Health Law of the State of New York; | |
| (4) the hospitals shall maintain a joint educational program; | |
| (5) the hospitals shall subscribe to common guidelines for quality care assurance; | |
| (6) the hospitals shall share in, and commonly develop, safety programs; | |
| (7) there are demonstrable savings resulting from the joint insurance program; | |
| (8) the producer of record shall obtain a statement from each hospital to the effect that the aggregate limits of all coverage will, in the opinion of the directors or trustees (or their equivalent) of each hospital, be adequate for the risk exposure; | |
| (9) each hospital shall maintain full affiliation with the sponsoring program; | |
| (10) coverage shall be issued either individually to the hospitals or on a group basis but, in either case, the attending physicians shall be issued certificates of insurance evidencing their coverage; | |
| (11) each such channeling program, as an experimental program, shall be limited to no more than 1,500 attending physicians, in actual practice, but a physician who retires from practice shall not be included in the computation and another physician may be enrolled in such case; and | |
| (12) the channeling program shall have been permitted by the superintendent prior to the enactment of section 3436(a) of the Insurance Law on July 1, 1986. No new program shall be authorized, and no additional hospital shall join any existing program after such date. | |
| 2-07001 | Kidnap and Ransom Insurance |
| Coverage for losses incurred by the insured as a result of the surrender of property due to extortion associated with the kidnapping or alleged kidnapping of an employee or members of the household of an employee. | |
| 2-14057 | Large Deductible or Self-Insured Retention Insurance |
| Property and/or liability insurance policies having either a deductible or self insured retention of at least $50,000. | |
| 2-13006 | Lead Liability Insurance |
| Coverage for personal injury resulting from the ingestion or inhalation of lead or lead dust. | |
| 2-13007 | Liquor Law Liability Coverage |
| Monoline liquor law liability coverage for taverns and restaurants only where liquor sales exceed 75 percent of total sales revenue. | |
| 2-10004 | Livestock—Prospective Foal Coverage |
| Coverage against death or injury to livestock prior to birth and resulting loss of earnings. | |
| 2-14088 | Logger's Liability Coverage |
| Coverage for damage negligently caused by a logging contractor. | |
| 2-14162 | Media Liability |
| Coverage provided to advertising agencies, advertisers, authors, personal appearance, broadcasters, multi-media companies and publishers for liability arising from defamation (including libel and slander), invasion of privacy, infringement of intellectual property rights (including piracy, plagiarism, trademark and copyright), contextual errors and omissions and incitement. | |
| 2-50004 | Mergers and Acquisitions |
| Insurance for claims arising from merger and acquisition transactions, including all related coverages that are permissible under the New York Insurance Law. | |
| 2-02026 | Mobile Home—Emergency Removal Service |
| Coverage for liability of mobile home park owner when removal is necessary due to named perils. | |
| 2-22002 | Motorsports Racing Liability |
| Liability coverage for owners or lessors of motorsports racing venues (e.g., race tracks for oval track events, drag races, monster truck rallies, motocross, motorcycle, boat or snowmobile racing, and other types of motorized vehicle competitive events). | |
| 2-22003 | Motorsports Racing and Motorsports Liability |
| Coverage for claims of spectators, participants or other third parties in connection with the operation of motorsports venues, or the staging or conduct of motorsports events or participation therein by teams and individuals. | |
| 2-14196 | Natural Disaster Protection—coverage for losses incurred by businessowners and homeowners to their place of employment and residences as a direct result of specified natural disasters. This coverage is intended to supplement any available basic property coverages maintained by the insured. |
| 2-14999 | Nuclear Risk Insurance |
| (a) Coverage for property of those directly engaged in the nuclear operations, including loss due to radioactive contamination of the insured's premises. | |
| (b) Coverage for bodily injury or property damage liability caused by the radioactive, toxic, explosive, or other hazardous properties of nuclear material. | |
| 2-14104 | Petroleum Refineries—Excess of Loss Liability |
| Coverage for liability over primary insurance. | |
| 2-50000 | Political Risk Insurance |
| Coverage for losses arising out of the actions of a foreign government. This includes: | |
| (1) loss of use or destruction of property located in a foreign country; | |
| (2) loss of income from operations or uncompleted contracts in a foreign country; | |
| (3) nonpayment on contract due to the inability to convert foreign currency into “contract” currency; | |
| (4) termination of contracts due to license cancellations and embargoes; | |
| (5) war, civil war, revolution, rebellion or insurrection within a foreign country or along the route of shipment which prevents completion of contracts; or | |
| (6) expropriation, confiscation, naturalization, seizure, requisition or arbitrary and selective intervention by a foreign government preventing completion of contracts or otherwise affecting business operations of the insured in such country. | |
| 2-10014 | Poultry |
| Insurance on the life of chickens, turkeys and other domestic poultry issued on a nonstandard form; includes full weather perils as well as fire and other extended coverage perils, transportation and flood. Death caused by huddling or piling of the flock in reaction to a covered peril is also covered. | |
| 2-14115 | Private Guards, Patrols, and Security Forces Premises and Operations Liability |
| Manufacturers and contractors exposure only. | |
| 2-14116 | Product Failure Liability Insurance |
| Insurance covering a manufacturer for the failure of its products when the failure causes loss of use of a customer's tangible property which has not been physically damaged or destroyed. The product must fail to perform the function intended by the manufacturer and the failure must be due to a mistake or deficiency in design, formula, plan, printed instructions, etc., prepared by the manufacturer. The policy excludes loss arising out of any product manufactured entirely to a customer's specification or any other experimental or prototype product that has not been tried, tested and approved by the manufacturer. | |
| 2-14194 | Product Liability Insurance |
| Product liability coverage for the following classes of risk only: aircraft parts manufacturers; automobile parts manufacturers; bioengineered products; farm equipment parts manufacturers; firearms manufacturers; helmet manufacturers; pharmaceutical products manufactures. | |
| 2-50005 | Product Liability for Fire Extinguishers and Accessories |
| Lead and Wire Seal, Hose, Horn and Nozzle Assemblies, Foam, Buckets, Reducer, Calcium Chloride, Sodium, Bicarbonate, Fire Hats. | |
| 2-14118 | Products—Recapture or Recalled |
| This provides coverage per the so-called “sistership liability” exclusion contained in the products policy. The coverage applies to damages claimed for the withdrawal, inspection, repair, replacement or loss of use of the named insured's products, or work completed by or for the named insured or of any property of which such products or work form a part, if such products, work or property are withdrawn from the market or from use because of any known or suspected defect or deficiency. | |
| 2-14119 | Product Tampering |
| Coverage for the liability of manufacturers and marketers for losses due to personal injury or property damage caused by the unauthorized alteration, adulteration or contamination of the insured's product by third parties. | |
| 2-50009 | Property Insurance for Highly Protected Risks (HPR) |
| Highly protected risks are properties that are subject to a substantially lower than normal probability of loss by virtue of superior construction, special fire protection equipment/procedures, and management commitment to loss prevention. | |
| PROFESSIONAL/ERRORS & OMISSIONS LIABILITY | |
| The following categories may be underwritten to cover liability arising out the performance of professional duties: | |
| 2-14002 | Accountants |
| 2-14204 | Actuarial Professional Liability Coverage |
| 2-14005 | Advertisers |
| 2-14013 | Architects |
| 2-50006 | Attorney’s Errors and Omissions—Non law firms |
| Coverage for attorneys who are employed as lawyers by a business entity that is not a law firm. | |
| 2-14178 | Attorney's Errors and Omission—Large or High Risk Firms |
| Policies providing professional liability coverage for law firms consisting of at least 25 attorneys, or firms of any size in which more than five percent of the aggregate annual billings are derived from the following types of legal work: | |
| (1) mergers and acquisitions; | |
| (2) representing banks, savings and loan associations or other financial institutions on matters other than collections or real estate closings; | |
| (3) matters involving the Securities Exchange Commission; | |
| (4) matters involving Admiralty Law; or | |
| (5) matters involving intellectual property patents, trademarks and copyrights. | |
| 2-14021 | Beauty Schools |
| 2-14169 | Cable Access Television (CATV) |
| 2-14026 | Clinical Laboratories |
| 2-14028 | Collection Agencies |
| 2-14197 | Commercial and Residential Real Estate Agents and Brokers and Property Management Services |
| Policies covering the liability of real estate agents and brokers and property managers who are engaged in large commercial and residential real estate projects. The policies would include, but are not limited to, liability coverage for acts arising out of the brokerage of sales and lease of real estate, property management, construction management and consulting, general consulting, franchising, joint ventures, mortgage brokering, appraisals, auction, referrals, business brokerage activities and the development of owned commercial and residential real estate. | |
| 2-14163 | Community Health Center Wraparound |
| Policies providing professional liability coverage to community centers which receive funds under Section 330 of the Public Health Service Act and which have been made eligible for malpractice coverage under the Federal Tort Claims Act pursuant to the Health Centers Assistance Act of 1992 (Public Law 102-501). | |
| 2-14035 | Corporate Trustees |
| 2-14051 | Employee Benefit Plan Trustees |
| 2-14054 | Engineers |
| 2-14164 | Excess and Surplus Lines Brokers |
| 2-14172 | Film Distributors |
| 2-14199 | Health Maintenance Organizations (HMOs) |
| Policies providing errors and omissions coverage for a healthcare system that assumes or shares both the financial risk and delivery risk associated with providing comprehensive medical services to the voluntarily enrolled population in a particular geographic area, usually in return for a fixed, prepaid fee. This coverage excludes health care professionals. | |
| 2-14200 | Independent Physicians Association (IPA) |
| Policies providing errors and omissions coverage for an organization comprised of individual physicians or physicians in small group practices that contracts with managed care organizations (MCOs) on behalf of its member physicians to provide healthcare services. This coverage excludes health care professionals. | |
| 2-14179 | Insurance Companies and Financial Institutions |
| Policies providing errors and omissions coverage to insurance companies, banks, savings and loan associations, mortgage companies and other financial institutions. | |
| 2-14198 | Interior Designers |
| Professional liability coverage for the development and implementation of designs for interior environments, including the preparation of drawings and specifications for non-load-bearing interior construction. | |
| 2-14076 | Investment Counselors, Asset Managers and Venture Capital Professionals and Management Liability |
| 2-14078 | Land Surveyors |
| 2-14180 | Large Firms |
| Policies providing errors and omissions coverage to individuals, partnerships or professional corporations having annual billings of $20,000,000 or more. | |
| 2-14092 | Marine Surveyors |
| 2-14170 | Medical Arts Schools and Colleges |
| Including acts of students not otherwise covered. | |
| 2-14096 | Mobile X–Ray–Units |
| 2-14036 | Municipal and Public Entities |
| 2-14100 | Mutual Funds |
| 2-14103 | Nursing Homes—Administrators |
| 2-14106 | Paramedics |
| 2-14108 | Pension Plan Consultants |
| 2-14109 | Pension Plan Trustees |
| 2-14111 | Physicians—Medical Students |
| Policies providing coverage for those in training to be physicians or nurses. | |
| 2-14185 | Physicians—Temporaries |
| Policies providing coverage for physicians, under contract with a commercial entity, placed on a part-time or full-time basis with hospitals, government agencies or private practices to fill the temporary staffing needs of those providers. | |
| 2-14112 | Police Officers |
| 2-14201 | Preferred Provider Organization (PPO) |
| Policies providing errors and omissions coverage for an organization that has a healthcare benefit arrangement designed to supply services at a discounted cost by providing incentives for members to use designated healthcare providers (who contract with the PPO at a discount), and also provides coverage for services rendered by healthcare providers who are not part of the PPO network. This coverage excludes health care professionals. | |
| 2-14171 | Psychologists |
| 2-14166 | Publicists and Public Relations |
| 2-14125 | Reducing Salons |
| 2-14129 | Scalp Treatment |
| 2-14138 | Social Services Agencies |
| Excluding medical or other health services. | |
| 2-14139 | Social Workers |
| 2-14143 | Stockbrokers |
| 2-14168 | Talent (Artists) |
| 2-14042 | Technology Products and Services |
| Policies providing coverage for data processors, programmers, analysts, software developers, information and network service providers, cloud service providers, website hosting services and similar professional technology products and services. Errors or omissions in the performance of (or failure to perform) services in connection with the insured’s information and network technology products or services (including hardware or software). | |
| 2-14202 | Third Party Administrator (TPA) |
| Policies providing errors and omissions coverage for a company that provides administrative services to managed care organizations or self-funded health plans but that does not have the financial responsibility for paying benefits. This coverage excludes health care professionals. | |
| 2-14155 | Trustees—Trust Department |
| 2-14153 | Trustees and Fiduciaries |
| 2-14203 | Utilization Review Organization (URO) |
| Errors and omissions policies for external organizations that conduct reviews to assess the medical appropriateness of suggested courses of treatment for patients thereby providing the patient and the purchaser increased assurance of the value and quality of healthcare services. This coverage excludes healthcare professionals. | |
| 2-13008 | Recreational Guide Services |
| Coverage for outfitters and guides for camping, hiking, rafting and similar recreational activities. | |
| 2-22004 | Residual Value Insurance (Commercial Risks Only) |
| Residual Value Insurance as defined in section 1113(a)(22) of the Insurance Law, but shall not include residual value insurance on motor vehicles or policies subject to Insurance Law section 3425. (Note that residual value insurance does not include gap insurance.) | |
| 2-27008 | Schools—Special Education Programs |
| Legal Liability. | |
| 2-14130 | Securities and Exchange Act Liability Insurance |
| Policies providing liability coverage for directors, officers, managers, trustees, shareholders and other professionals for: | |
| (1) liability arising out of the Securities and Exchange Act and similar Federal, State, local or foreign government law involving the sale or purchase of securities; | |
| (2) liability arising out of the registration (or failure to register) of securities with the Federal Trade Commission; or | |
| (3) liability arising out of the alleged use of nonpublic information in a manner violative of the Securities and Exchange Act. | |
| 2-14195 | Security Guards—Armed and/or Using Dogs |
| Professional liability coverage for security guard firms which provide guards using firearms or dogs. | |
| 2-13009 | Skating Rinks |
| Liability coverage for injury to participants and spectators in ice and roller skating rinks. | |
| 2-13010 | Ski Area Liability |
| Liability coverage for owners and operators of ski resorts, ski lifts, ski equipment sales and rental, ski lessons, ski trail maintenance, snow-making operations, etc. | |
| 2-28003 | Ski Resort High Limit—Accidental Death and Dismemberment |
| Coverage in excess of $500,000 only. | |
| 2-14141 | Special Events Insurance |
| Policies providing coverage for unique exposures of limited duration which require varied and specialized pricing and coverage. Types of coverage would include legal liability, contractual liability, all risk coverage, CGL coverage, etc. Policies would be issued to, among others, sponsors, organizers, performers and participants of trade shows, parades, flea markets, concerts, etc. | |
| 2-14142 | Sports Instructors Liability |
| Coverage for judo and karate instructors, scuba or skin diving instructors and water-ski or snow-ski instructors. | |
| 2-02038 | Television Broadcast Interruption |
| Covers the reduction in gross admission fees caused by interruption by breakdown, failure, malfunctioning or any disorder of equipment lines and appurtenances thereto, which prevents presentation of the audio or showing of a telecast. | |
| 2-13011 | Tractor Pulls/Mud Bogs |
| Liability coverage for claims of spectators, participants or other third parties in connection with the operation of organized exhibitions, races or demonstrations primarily involving “Monster” trucks, tractors and similar off-road vehicles. | |
| 2-50001 | Trade Credit Insurance |
| Coverage for manufacturers, wholesalers, service organizations, etc., against the loss of an outstanding monetary interest in trade receivables for goods or services provided on credit, due to insolvency of the debtor or due to a political event in the debtor's country which prevents repayment. | |
| 2-18001 | Tuition Refund Broad and Limited Plans |
| This coverage refunds the unused fees due to class time lost when a student is absent or withdrawn from classes because of illness or accident. | |
| 2-14205 | Warehouseman’s Liability |
| Coverage for the liability of a warehouse owner and/or operator for loss or damage to the lawful goods of others in their care, custody or control. | |
| 2-01001 | Weather Insurance—Property coverage for a pecuniary loss or loss of use as a result of any adverse weather event causing the pecuniary loss or loss of use. |
11 CRR-NY 16.12
Current through July 31, 2021
| End of Document |
IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.