NY | The New York Department of Financial Services today announced the emergency adoption of Insurance Regulation 217 (11NYCRR 365). The regulation concerns the COVID-19 Risk Adjustment Mechanism for Paid Family Leave.
The specific topics addressed include:
- Immediate relief payments from the COVID-19 Risk Adjustment Pool
- Funding the COVID-19 immediate relief payments
- Recoupment of costs of COVID-19 claims
- Collection and redistribution of funds from an adjustment
- COVID-19 Risk Adjustment Pool
Click here to read the regulation for further information.