11 CRR-NY 71.6NY-CRR
11 CRR-NY 71.6
11 CRR-NY 71.6
71.6 Accounting.
(a) Where a liability insurance policy is issued or renewed pursuant to this Part, the insurer shall notify the insured of the insured's right, upon written request, to an accounting of legal defense costs actually expended.
(b) Any policy issued or renewed pursuant to section 71.4 of this Part shall provide that, if 50 percent or more of the separate defense limit is utilized, written notification of the amount of defense coverage remaining under the policy shall be provided to the insured as soon as practicable, and the insurer shall again provide such notification at the 75 percent and 100 percent utilization levels.
11 CRR-NY 71.6
Current through May 31, 2021
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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.