Valuation of Life Insurance Reserves
NY-ADR
3/16/11 N.Y. St. Reg. INS-02-11-00002-A
NEW YORK STATE REGISTER
VOLUME XXXIII, ISSUE 11
March 16, 2011
RULE MAKING ACTIVITIES
INSURANCE DEPARTMENT
NOTICE OF ADOPTION
I.D No. INS-02-11-00002-A
Filing No. 221
Filing Date. Mar. 01, 2011
Effective Date. Mar. 16, 2011
Valuation of Life Insurance Reserves
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
Amendment of Part 98 (Regulation 147) of Title 11 NYCRR.
Statutory authority:
Insurance Law, sections 201, 301, 1304, 1308, 4217, 4218, 4240 and 4517
Subject:
Valuation of Life Insurance Reserves.
Purpose:
Remove restrictions on the mortality adjustment factors (known as X factors) in deficiency reserves calculation.
Text or summary was published
in the January 12, 2011 issue of the Register, I.D. No. INS-02-11-00002-P.
Final rule as compared with last published rule:
No changes.
Text of rule and any required statements and analyses may be obtained from:
David Neustadt, New York State Insurance Department, 25 Beaver Street, New York, NY 10004, (212) 480-5265, email: [email protected]
Assessment of Public Comment
The agency received no public comment.
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