Rules Governing Individual and Group Accident and Health Insurance Reserves
NY-ADR
7/11/07 N.Y. St. Reg. INS-17-07-00002-A
NEW YORK STATE REGISTER
VOLUME XXIX, ISSUE 28
July 11, 2007
RULE MAKING ACTIVITIES
INSURANCE DEPARTMENT
NOTICE OF ADOPTION
I.D No. INS-17-07-00002-A
Filing No. 640
Filing Date. Jun. 20, 2007
Effective Date. Jul. 11, 2007
Rules Governing Individual and Group Accident and Health Insurance Reserves
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
Repeal of Part 94 and addition of new Part 94 (Regulation 56) to Title 11 NYCRR.
Statutory authority:
Insurance Law, sections 201, 301, 1303, 1304, 1305, 1308, 4117, 4217, 4310, and 4517
Subject:
Rules governing individual and group accident and health insurance reserves.
Purpose:
To prescribe rules and regulations for valuation of minimum individual and group accident and health insurance reserves including standards for valuing certain accident and health benefits in life insurance policies and annuity contracts.
Text or summary was published
in the notice of proposed rule making, I.D. No. INS-17-07-00002-P, Issue of April 25, 2007.
Final rule as compared with last published rule:
No changes.
Text of rule and any required statements and analyses may be obtained from:
Andrew Mais, Insurance Department, 25 Beaver St., New York, NY 10004, (212) 480-5257, e-mail: [email protected]
Assessment of Public Comment
The agency received no public comment.
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