Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Regulation and Compliance > Federal Regulation

New York Proposes Life Reserve Valuation Regulation

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Sept. 7, 12:43 p.m. – The New York State Insurance Department has proposed new rules for valuing life insurance reserves.

Proposed Regulation No. 147 gives rules and guidelines for valuing individual life insurance policies and certain group life insurance certificates. The regulation gives extra attention to the valuation of life insurance policies with premiums or benefits that are not level, indeterminate premium life policies and universal life policies.

The rules aim to allow the use of new mortality selection factors in valuing statutory reserves and to set rules and guidelines for valuing these reserves in line with the timing of death claim payments, the New York department says.

The proposed rule can be found on the Web at //www.ins.state.ny.us/acrobat/r147ptex.pdf


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.