New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter VI - AUTHORIZED INVESTMENTS
Part 176 - Investments In "medium Grade" And "lower Grade" Obligations By Domestic Life Insurers
Section 176.1 - Purposes
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 176.1
Current through Register Vol. 46, No. 12, March 20, 2024
The purposes of this Part are:
(a) to protect the interests of the life insurance-buying public by establishing limitations on the concentration of medium grade and lower grade obligations in which a domestic life insurer can invest; and
(b) to implement the Insurance Law of New York by regulating the acts and practices of domestic life insurers with respect to the concentration of investments in medium grade and lower grade obligations.
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