New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter III - Policy and Certificate Provisions
Subchapter A - Life, Accident and Health Insurance
Part 43 - Individual Life Insurance Market-value Adjustment
Section 43.6 - Availability of unadjusted cash surrender benefits

Current through Register Vol. 46, No. 39, September 25, 2024

In policies providing guaranteed rates, an unadjusted cash surrender benefit must be available on each guaranteed benefit date and at the maturity of the policy. The specified time interval for any guaranteed rate shall not exceed 10 years. For example, a contract providing a guaranteed rate for five years must provide an unadjusted cash surrender benefit at the end of the five years.

Disclaimer: These regulations may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.