New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 11. Insurance |
Chapter III. Policy and Certificate Provisions |
Subchapter A. Life, Accident and Health Insurance |
Part 40. Group Annuity Contracts and Funding Agreements: Disclosure and Withdrawal Rules |
Sec. 40.0. Purpose
Latest version.
- The purpose of this Part is to prescribe the terms and conditions under which certain group annuity contracts and funding agreements may be delivered or issued for delivery in the State of New York. This Part provides disclosure requirements, rules for contract withdrawals to pay certain defined contribution plan benefits and rules relating to contract terminations.