NEW YORK STATE
INSURANCE DEPARTMENT

THIRD AMENDMENT TO REGULATION NO. 172
(11 NYCRR 83)

FINANCIAL STATEMENT FILINGS AND ACCOUNTING PRACTICES AND PROCEDURES

I, Gregory V. Serio, Superintendent of Insurance of the State of New York, pursuant to the authority granted by Sections 201 and 301 of the Insurance Law, do hereby promulgate the Third Amendment to Part 83 of Title 11 of the Official Compilation of Codes, Rules and Regulations of the State of New York (Regulation No. 172), to take effect upon publication in the State Register.

(NEW MATTER UNDERSCORED, DELETED MATTER IN BRACKETS)

Section 83.2(g)(3) is amended to read as follows:

(3) In the time between the annual publication of these manuals, in order to provide the most current information on SSAPs that are presently under consideration at the NAIC, the NAIC has placed certain accounting pronouncements on its [website] web site until the next manual is published. Access to the [NAIC's Statutory Accounting Principles Working Group webpage is available at www.naic.org/1finance/sapwg/index.htm and the Emerging Accounting Issues Working Group is located at www.naic.org/1finance/eaiwg/index.htm. These pages are also accessible by clicking on "Statutory Accounting" under the "Relevant Issues" section] accounting pronouncements is available at the NAIC's web site, at www.naic.org.

 I, Gregory V. Serio, Superintendent of Insurance of the State of New York, do hereby certify that the foregoing is the Third Amendment to Part 83 of Title 11 of the Official Compilation of Codes, Rules and Regulations of the State of New York (Regulation No. 172), promulgated by me on May 3, 2004, pursuant to the authority granted by Sections 201 and 301of the Insurance Law.

Pursuant to the provisions of the State Administrative Procedure Act, prior notice of the proposed regulation was published in the State Register on January 21, 2004. No other publication or prior notice is required by statute.

 

 

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Gregory V. Serio
Superintendent of Insurance

 

 

May 3, 2004