11 CRR-NY 25.8NY-CRR

OFFICIAL COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 11. INSURANCE
CHAPTER II. AGENTS, BROKERS AND ADJUSTERS
PART 25. PUBLIC ADJUSTERS
11 CRR-NY 25.8
11 CRR-NY 25.8
25.8 Insured's right to cancel.
(a) The insured may cancel any compensation agreement until midnight of the third business day after the date on which the insured has signed the compensation agreement.
(b) Cancellation occurs when written notice of cancellation is given to the public adjuster as provided in subdivision (c) of this section.
(c) Notice of cancellation, if given by mail, shall be deemed given when such notice, properly addressed with postage prepaid, is deposited in a mailbox.
(d) Written notice of cancellation need not take the form prescribed and shall be sufficient if it indicates the intention of the insured not to be bound.
11 CRR-NY 25.8
Current through February 15, 2021
End of Document