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Changes in the Market Conduct Profile for the Year 2011

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Circular Letter No. 20 (2005) announced the required annual filing of a Market Conduct Profile by each authorized life insurer.

For reporting year 2011 (due June 1, 2012), the following changes have been made:

  1. Question 7 in the Compliance Section is added. These questions relate to the Company’s AML Program and the specific products that are covered under the AML Program.
  2. In question 12 of the Compliance Section (formerly question 11), the question concerning membership in IMSA has been replaced with question concerning the membership with The Compliance & Ethics Forum for Life Insurers (CEFLI) or other similar organizations.

The new profile can be found on the Department's website at: http://www.dfs.ny.gov/insurance/reg60/mc_profile_2011.pdf

If you have any questions regarding this, please call Sharon Ma at (212) 480‐4659 or Pauline Hall at (212) 480‐5015.