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 53. Life and Annuity Cost Disclosure and Sales Illustrations |
Subpart 53-1. General Provisions |
Sec. 53-1.2. Applicability
Latest version.
- This Part shall apply to all insurers, fraternal benefit societies, and life insurance departments of savings banks licensed to do business in this State. This Part shall be applicable to any act of solicitation, negotiation or procurement of a life insurance policy or an annuity contract within the State including any act done by mail, telephone, electronic or any other method to present the information required by section 3209 of the Insurance Law, and shall be applicable to any illustration presented in this State for the purpose of proposing to make a sale of a life insurance policy or an annuity contract.