STATE OF NEW YORK
INSURANCE DEPARTMENT
AGENCY BUILDING ONE
EMPIRE STATE PLAZA
ALBANY, NY 12257
STATE OF NEW YORK
INSURANCE DEPARTMENT
AGENCY BUILDING ONE
EMPIRE STATE PLAZA
ALBANY, NY 12257
| Circular Letter No. 33 (2000) November 14, 2000 |
| TO: | All licensed life insurers, and accredited life reinsurers, hereinafter referred to as "insurers" |
| RE: | Issues Regarding Liquidity |
| Pursuant to Section 308 of the
New York Insurance Law, all licensed life insurers and accredited life reinsurers shall
file with the Department a report, as of December 31, 2000, in the format of the attachment to this Circular Letter. The report shall be
filed by April 1, 2001 and shall be signed by the Chief Financial Officer (CFO) of the
insurer. The CFO shall make an explicit statement that he or she consulted with all
appropriate persons to ensure that the response is complete and accurate. If
an insurer submitting information pursuant to this Circular Letter deems such information
to be a trade secret or contends that such information, if disclosed, would cause
substantial injury to the competitive position of the insurer, it may, at the time the
report is submitted, request that the Department except such information from disclosure.
The request shall be in writing and shall state the reasons why the information should be
excepted from disclosure. Such request shall be determined in accordance with the
procedures set forth in Section 89(5) of the Public Officers Law and Insurance Department
Regulation No. 71 (11 NYCRR 241). The report from licensed life insurers and accredited life reinsurers should be submitted to:
|
Very truly yours,
Neil D. Levin |