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 53-2. Disclosure Requirements |
Sec. 53-2.5. Rules for the calculation of the life insurance net payment cost index
Latest version.
- The life insurance net payment cost index is calculated in the same manner as the comparable life insurance surrender cost index except that the cash surrender values and any terminal dividends are set at zero.