New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter IV - Financial Condition Of Insurer and Reports to Superintendent
Subchapter B - Life Insurers
Part 103 - Principle-Based Reserving
Section 103.1 - Purpose
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 103.1
Current through Register Vol. 46, No. 39, September 25, 2024
The purposes of this Part are to:
(a) adopt the valuation manual and exercise the superintendent's authority, pursuant to Insurance Law section 4217(g), to deviate, through regulation, from the reserve standards, valuation methods, assumptions, and related requirements in the valuation manual; and
(b) prescribe rules for valuing statutory reserves subject to the requirements of the valuation manual.
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