Changes in the Market Conduct Profile for the Year 2021
Circular Letter No. 20 (2005) announced the required annual filing of a Market Conduct Profile by each authorized life insurer.
For reporting year 2021 (due June 1, 2022), the following changes have been made:
- Question 4 under the Policyholder Service Activities Section is added. This question relates to the potential matches from the Social Security Death Master File (“SSDMF”) cross-checks as defined under Section 3240(f) of the New York Insurance Law.
- Question 5 under the Policyholder Service Activities Section is added. This question relates to the verified or confirmed matches resulting from the SSDMF cross-checks per Reg 200 and Section 3240.
If you have any questions regarding this, please call Sharon Ma at (212) 480-4659 or Pauline Hall at (212) 480-5015.