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New York State Seal

STATE OF NEW YORK
INSURANCE DEPARTMENT

160 WEST BROADWAY
NEW YORK, NEW YORK 10013

NOTE: WITHDRAWN EFFECTIVE OCTOBER 11, 2002


                                                                                                 

Circular Letter No. 19 (1995)
November 21, 1995

TO: All Life Insurance Companies Authorized to Write Life Insurance and Annuities
RE: Expense Allowance Payment Plans

The Department has reviewed Regulation 49 (11 NYCRR 11) and has determined that the rules covering expense allowance payments on policies subject to Section 4232(b) will be changed as follows:

All companies wishing to revise current expense allowance payment plans to include these changes must submit a revised plan to the Superintendent as required by Regulation 49, Section 11.5.