11 CRR-NY 43.1NY-CRR
11 CRR-NY 43.1
11 CRR-NY 43.1
43.1 Purpose.
This Part governs:
(a) the use of market-value adjustment formulae in determining cash surrender benefits and policy loan values under individual policies or certificates of life insurance that provide for the crediting of additional amounts pursuant to section 4232(b) or 4518 of the Insurance Law;
(b) advertising and disclosure relating to such market-value adjustments;
(c) filing requirements for such policies and certificates;
(d) mandatory provisions to be contained in such policies and certificates; and
(e) funding and reserve requirements for such policies and certificates.
11 CRR-NY 43.1
Current through July 31, 2021
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: The "Current through" date indicated immediately above is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Administrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of NYS Rules.