4/11/12 N.Y. St. Reg. DFS-05-12-00010-A
Valuation of Annuity, Single Premium Life Insurance, Guaranteed Interest Contract and Other Deposit Reserves
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
Amendment of Part 99 (Regulation 151) of Title 11 NYCRR.
Statutory authority:
Financial Services Law, sections 202 and 302; and Insurance Law, sections 301, 1304, 4217 and 4517
Subject:
Valuation of Annuity, Single Premium Life Insurance, Guaranteed Interest Contract and Other Deposit Reserves.
Purpose:
Use of substandard annuity mortality tables in valuing impaired lives under individual single premium immediate annuities.
Text or summary was published
in the February 1, 2012 issue of the Register, I.D. No. DFS-05-12-00010-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 Department of Financial Services, One State Street, New York, NY 10004, (212) 709-1690, email:
david.neustadt@dfs.ny.govAssessment of Public Comment
The agency received no public comment.
