New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter IV - Financial Condition Of Insurer and Reports to Superintendent
Subchapter B - Life Insurers
Part 99 - VALUATION OF ANNUITY, SINGLE PREMIUM LIFE INSURANCE, GUARANTEED INTEREST CONTRACT AND OTHER DEPOSIT RESERVES
Section 99.1 - Purposes
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 99.1
Current through Register Vol. 46, No. 39, September 25, 2024
The purposes of this Part are:
(a) to prescribe rules and guidelines for valuing contracts involving fund accumulations in accordance with statutory reserve formulae;
(b) to prescribe rules and guidelines for valuing annuity benefits and structured settlements in accordance with statutory reserve formulae; and
(c) to adopt new mortality tables for valuing annuity benefits.
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