Market Conduct Profile Instruction: "Trusted Source" Requirement
Circular Letter No. 20 (2005) announced the required annual filing of a Market Conduct Profile by each authorized life insurer. The electronic filing of the Profile will utilize the newly introduced New York State Department of Financial Services Portal Services. The initial Profile (as of December 31, 2005) is due June 1, 2006. In order to file the Profile through the Departments Portal, a Trusted Source for each company must be communicated to the Department.
An e-mail to establish a Trusted Source has been sent to the CEO/President of each licensed life insurer. If your company did not receive this e-mail, the following information should be e-mailed to email@example.com:
- Name of Insurer
- Name of President/CEO
- E-mail address of CEO/President
The subject of your e-mail should include your Companys name and the description Trusted Source.