3/16/11 N.Y. St. Reg. INS-02-11-00002-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
Amendment of Part 98 (Regulation 147) of Title 11 NYCRR.
Statutory authority:
Insurance Law, sections 201, 301, 1304, 1308, 4217, 4218, 4240 and 4517
Subject:
Valuation of Life Insurance Reserves.
Purpose:
Remove restrictions on the mortality adjustment factors (known as X factors) in deficiency reserves calculation.
Text or summary was published
in the January 12, 2011 issue of the Register, I.D. No. INS-02-11-00002-P.
Final rule as compared with last published rule:
No changes.
Text of rule and any required statements and analyses may be obtained from:
David Neustadt, New York State Insurance Department, 25 Beaver Street, New York, NY 10004, (212) 480-5265, email:
dneustad@ins.state.ny.usAssessment of Public Comment
The agency received no public comment.
