The New York State Insurance Department has published an updated version of its regulatory agenda.[@@]
On the life side, agenda items include efforts to develop rules for:
- Life insurance policies that provide accelerated payment of benefits when insureds need long term care.
- Replacement of life and annuity contracts. New York regulators want agents to be able to complete applications without having to wait for replies from the insurers whose contracts are being replaced.
- Disposal of property gifted to charitable annuity societies.