Contrary to the Supreme Court’s July 5, 2018 determination, the Appellate Division found that Insurance Law Section 6409(d) (concerning the giving of “other consideration or valuable thing”) is “unambiguous,” has a rational basis, and is subject to broad construction by DFS. Although Regulation 208 is now considered “a valid exercise of DFS’s general legislative authority … Continue reading Court Decision on Regulation 208
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Court Decision on Regulation 208
Contrary to the Supreme Court’s July 5, 2018 determination, the Appellate Division found that Insurance Law Section 6409(d) (concerning the giving of “other consideration or valuable thing”) is “unambiguous,” has a rational basis, and is subject to broad construction by DFS. Although Regulation 208 is now considered “a valid exercise of DFS’s general legislative authority … Continue reading Court Decision on Regulation 208