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SECTION XVII Drafting Note: Insert the appropriate section number, following the order of provisions in the Table of Contents. General Provisions1. Agreements between Us and Participating Providers.
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Model language provided by the New York Department of Financial Services (DFS) outlines the minimum standards and guidelines for certain financial regulations to ensure consistency and compliance across entities.
Entities regulated by the New York Department of Financial Services, such as insurance companies and financial service providers, are required to file the model language.
Model language should be filled out by following the provided guidelines, ensuring that all necessary information is accurately reported according to the instructions specific to the regulation.
The purpose of model language is to create uniformity in financial disclosures and compliance measures, facilitating better regulatory oversight and consumer protection.
Information that must be reported typically includes company details, compliance status, financial data, and any other relevant disclosures as specified by the DFS regulations.
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