11 CRR-NY 44.2NY-CRR
STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 11. INSURANCE
CHAPTER III. POLICY AND CERTIFICATE PROVISIONS
SUBCHAPTER A. LIFE, ACCIDENT AND HEALTH INSURANCE
PART 44. INDIVIDUAL DEFERRED ANNUITIES, MARKET-VALUE ADJUSTMENTS WITHDRAWAL CHARGES, AVAILABILITY OF CASH VALUES
11 CRR-NY 44.2
11 CRR-NY 44.2
44.2 Scope of regulation.
This Part governs any market-value adjustment formula that is applied to the actual accumulation amount under a contract or a group annuity certificate subject to section 4223 of the Insurance Law before taking into account any withdrawal charge in accordance with the provisions of section 4223. It also applies to any market-value or other adjustment of the actual accumulation amount taken as a form of withdrawal charge and limited to an amount not exceeding the maximum withdrawal charge permitted by section 4223.
11 CRR-NY 44.2
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.