11 CRR-NY 43.6NY-CRR
11 CRR-NY 43.6
11 CRR-NY 43.6
43.6 Availability of unadjusted cash surrender benefits.
In policies providing guaranteed rates, an unadjusted cash surrender benefit must be available on each guaranteed benefit date and at the maturity of the policy. The specified time interval for any guaranteed rate shall not exceed 10 years. For example, a contract providing a guaranteed rate for five years must provide an unadjusted cash surrender benefit at the end of the five years.
11 CRR-NY 43.6
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.