Insurance Regulation
Which items does Regulation 152 treat as part of the policy record kept for examination?
Answer and explanation
Answer: C. Regulation 152 builds the policy record from the application or enrolment form, the contract or policy forms issued with declaration pages, endorsements, riders and termination notices, the term and rating basis and return premiums, and other information needed to reconstruct the solicitation, rating and underwriting. Claim files are retained separately, and rate filings and marketing pieces are not the record.Source: New York Reg. 152, 11 NYCRR 243.2 — 11 NYCRR 243.2
More insurance regulation questions
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