Life After Reg. 93 New York Adopts IRS Standards For Meeting Deductibility

What's good enough for the Internal Revenue Service is good enough for New York State, or so it seems from the content of a late December internal memorandum by the New York State Insurance Department's (NYID) now-departed Superintendent Edward Muhl regarding the treat- ment of agent conference expenses now that Regulation 93 has been repealed.

Regulation 93, instituted in 1981 to clarify and expand sections of the New York State Insurance Code that limited company expenditures, spell

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