Insurance Regulation
Against what does New York measure its controlled business limit?
Answer and explanation
Answer: C. Section 2103(i) frames the limit as more than ten percent of the aggregate net commissions deriving from insurance on related parties. Policy count, face amount, and concentration with one insurer are not the measure the subsection uses.Source: N.Y. Ins. Law § 2103 — 2103(i), What the limit measures
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621 New York questions like this one.
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