2/12/14 N.Y. St. Reg. DFS-44-13-00008-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
Addition of Part 226 (Regulation 200) to Title 11 NYCRR.
Statutory authority:
Financial Services Law, sections 202 and 302; Insurance Law, sections 301, 316, 1102, 1104, 2601, 3240 (Unclaimed benefits), 4521, 4525 and art. 24
Subject:
Unclaimed Life Insurance Benefits and Policy Identification.
Purpose:
To ensure payment of unclaimed benefits to policyowners and policy beneficiaries.
Text or summary was published
in the October 30, 2013 issue of the Register, I.D. No. DFS-44-13-00008-P.
Final rule as compared with last published rule:
No changes.
Text of rule and any required statements and analyses may be obtained from:
Michael Maffei, New York State Department of Financial Services, One State Street, New York, NY 10004, (212) 480-5027, email:
michael.maffei@dfs.ny.govInitial Review of Rule
As a rule that requires a RFA, RAFA or JIS, this rule will be initially reviewed in the calendar year 2017, which is no later than the 3rd year after the year in which this rule is being adopted.
Assessment of Public Comment
The agency received no public comment.
