Bill Title: Provides that the minimum reserve requirements and the minimum standard for the valuation of all individual and group life insurance policies and annuity contracts issued on or after January first, two thousand twenty shall be the principle based valuation method established by the superintendent; the superintendent shall utilize the valuation manual adopted by the National Association of Insurance Commissioners unless the superintendent finds that a different method is necessary to protect policyholders.

Sponsorship: Bipartisan Bill

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO INSURANCE [S03633 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2019-02-11	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for New York S03633

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for New York S03633 currently on file.