Individual Joint Life Insurance Product Outline

Summary of Changes

(Last Updated December 19, 2023)

1. Section II.C.1 (Filings Must Be Submitted Through State Electronic Rate and Forms Filing system (SERFF)) has been revised to reflect the present tense as the effective date of 11 NYCRR 6 (Insurance Regulation 195) was May 25, 2020.
2. Section III.A.1 (Brief Description of the Policy on the Cover Page) was added for consistency with other posted product outlines and to reflect requirements for the policy’s brief description. Sections III.A.1, III.A.2, and III.A.3 were relocated to III.A.2, III.A.3, and III.A.4, respectively.
3. Section III.C.2 (Reinstatement) was renumbered as III.C.2(a) and section III.C.2(b) was added to remind insurers that evidence of insurability upon reinstatement must be the same, or comparable to the evidence of insurability required at issue to prevent the insurability requirements from rendering the statutory reinstatement right illusory.

Note: Additional formatting changes or technical/stylistic changes of a non-substantive nature may have also been made.