11 CRR-NY 72.4NY-CRR
11 CRR-NY 72.4
11 CRR-NY 72.4
72.4 Minimum schedule.
Type of corporation | Minimum retention amounts | Minimum coinsurance percentage | ||
---|---|---|---|---|
Individual | Aggregate | |||
(a) | For corporations subject to the B.L. or B.C.L. (including insurance corporations, transportation corporations, etc. and with: | |||
(1) assets greater than $20,000,000: | $5,000 | $50,000 | 0.5% | |
(2) assets greater than $10,000,000 up to $20,000,000: | 4,000 | 40,000 | 0.4% | |
(3) assets greater than $5,000,000 up to $10,000,000: | 3,000 | 30,000 | 0.3% | |
(4) assets of $5,000,000 or less: | 2,000 | 20,000 | 0.2% | |
(b) | Corporations subject to the Cooperative Corporations Law: | 100 | 1,000 | 0.1% |
(c) | Corporations subject to the Religious Corporations Law: | 100 | 1,000 | 0.1% |
(d) | Corporations subject to the N–PCL | 100 | 1,000 | 0.1% |
11 CRR-NY 72.4
Current through May 31, 2021
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