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NY DFS Adjusts Reserving Requirements for In-Force Variable Business

USA - January 5 2021 New York-licensed insurers that write life and annuity products should consider possible balance-sheet implications for in-force variable business...

NY DFS to Amend Credit-for-Reinsurance Regs to Conform to Covered Agreements

USA - December 15 2020 New York-domiciled insurers may soon be able to take advantage of more-relaxed provisions on balance sheet credit for reinsurance where the assuming...

Industry Voices Concerns on Group Capital Calculation

USA - September 9 2020 Insurance holding companies should be closely following the accelerating efforts by state insurance regulators to impose oversight over group (in...

NY DFS Re-adopts Emergency Risk Adjustment Pool for COVID-19-Related Sick Leave

USA - August 27 2020 On Aug. 25, NYS Superintendent of Financial Services Linda A. Lacewell re-adopted, as an emergency regulation, a risk adjustment pool to stabilize the...

Indexed Life Insurance Illustrations - NAIC Adopts Guidance over NY Dissent

USA - August 18 2020 On August 14, at its all-virtual summer national meeting, the National Association of Insurance Commissioners (NAIC) adopted guidance governing...