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 44. Individual Deferred Annuities, Market-Value Adjustments Withdrawal Charges, Availability of Cash Values |
Sec. 44.0. Purpose
Latest version.
- This regulation governs the use of market-value adjustment formulae in determining cash surrender benefits, the use of withdrawal charges and the availability of cash surrender values under individual deferred annuities subject to section 4223 of the Insurance Law, and the funding and reserves for such annuities with market-value adjustments.