Rural Area Flexibility Analysis for Emergency Adoption
of Part 500 (Finance Regulations)
Rural Area Flexibility Analysis for 12 NYCRR 500
- Types and estimated numbers of rural areas:
This rule applies to all carriers, the State Insurance Fund, self-insured employers and political subdivisions in all areas of the state.
- Reporting, recordkeeping and other compliance requirements:
This rule applies to all carriers, the State Insurance Fund, self-insured employers and political subdivisions in all areas of the state. Impact on reporting and compliance for all entities is minimal.
This proposal will not impose any compliance costs on rural areas.
- Minimizing adverse impact:
This proposed rule is designed to minimize adverse impact for small businesses and local government that already exist in the current regulations. This rule provides only a benefit to small businesses and local governments.
- Rural area participation:
The Board consulted with carriers and some municipalities on the rule making process.
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