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 New York State Department of Financial Services (“DFS”) any such investments, including transfers and other transactions, they had in the previous calendar year, by March 1 of each year.

*** Please note that insurers with no such investments need not provide a report. ***

The report should be provided using the template spreadsheet. The completed spreadsheet should be submitted electronically through the Department’s Insurance Company and Fraternal Benefit Society Filings Portal.

To access the DFS Portal you will need a Portal account. After you have been granted access to the DFS Portal, you will then request access to the Insurance Company and Fraternal Benefit Society Filings Portal.

If you have any questions, please contact the DFS Unit that is responsible for the oversight of your company.