Iran Investment Reporting
Pursuant to Insurance Law Section 1415, investments made by domestic insurers in persons included on the list created by the New York State Office of General Services pursuant to State Finance Law Section 165-a(b) must be treated as non-admitted assets.
Insurers must identify and report to the Department of Financial Services any such investments, including transfers and other transactions, they had in the previous calendar year, by March 1 of each year.
Note: Insurers with no such investments do not need to provide a report.
The report should be provided using the Iran Investment Reporting Template (MS Excel). The completed spreadsheet should be submitted online through the DFS Portal via the Insurance Company and Fraternal Benefit Society Filings application.
DFS Portal and DFS ID
Those conducting business on behalf of a regulated entity must use DFS ID to access the DFS Portal.
Users must receive an invitation to DFS ID from their Entity Administrator. You will then use DFS ID credentials and multi-factor authentication (MFA) to log in, so be sure to have or download an authenticator app (e.g., Google or Microsoft Authenticator) to an available mobile device before getting started.
To get started, use the DFS Portal button below and sign in using your DFS ID credentials:
Once you have been granted access to the DFS Portal, request access to the Insurance Company and Fraternal Benefit Society Filings application using the "Ask for Apps" tab.
- Learn more about DFS ID.
Questions?
If you have questions, please contact the DFS business unit that is responsible for oversight of your company.