DFS Announces New Regulation to Strengthen New York No-Fault Insurance Law
Financial Services Superintendent
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No-fault insurance provides for reimbursement of medical expenses and lost wages for a policyholder injured in an automobile accident regardless of who is at fault. Under the final regulation, when a professional healthcare service reimbursable under the no-fault law is performed outside of
The new rule adopted by DFS today takes into consideration comments that were submitted during a 45-day comment period for the proposed regulation published in
A copy of the final regulation can be found here (http://www.dfs.ny.gov/insurance/r_finala/2017/rf68a33txt.pdf).
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