Training Allowance Subsidy
NY-ADR
10/17/07 N.Y. St. Reg. INS-32-07-00002-A
NEW YORK STATE REGISTER
VOLUME XXIX, ISSUE 42
October 17, 2007
RULE MAKING ACTIVITIES
INSURANCE DEPARTMENT
NOTICE OF ADOPTION
I.D No. INS-32-07-00002-A
Filing No. 1027
Filing Date. Oct. 01, 2007
Effective Date. Oct. 17, 2007
Training Allowance Subsidy
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
Addition of Part 12 (Regulation 50) to Title 11 NYCRR.
Statutory authority:
Insurance Law, sections 201, 301 and 4228
Subject:
Rules limiting the amount of training allowance subsidy an insurer can pay an agent.
Purpose:
To update the limits in Insurance Law, sections 4228(e)(3)(C) through (E) to reflect inflation from the Jan. 1, 1998 effective date of section 4228 to the present.
Text or summary was published
in the notice of proposed rule making, I.D. No. INS-32-07-00002-P, Issue of August 8, 2007.
Final rule as compared with last published rule:
No changes.
Text of rule and any required statements and analyses may be obtained from:
Andrew Mais, Insurance Department, 25 Beaver St., New York, NY 10004, (212) 480-2285, e-mail: [email protected]
Assessment of Public Comment
The agency received no public comment.
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