Product Outlines Guidance for Insurers When Submitting Life and Annuity Product Filings
The life product outlines are being made available by the Department for the sole purpose of providing general guidance to insurers when submitting life and annuity product filings in New York.
Before making a product filing with the Department please review the product outline that applies to your Company’s particular product. The outlines address the filing process in general and then address the product in particular. The product outlines contain helpful references to statutes, regulations, circular letters and Office of General Counsel Opinions. It should be noted that the product outlines are generic in nature and may not necessarily address specific designs or features that are applicable or unique to your Company’s particular product. Please be advised that compliance with the product outlines does not guarantee approval of any product filing.
All life and annuity product filings must be submitted to the Department through SERFF. See §6.2(a)(2) and (3) of Insurance Regulation 195 (11 NYCRR Part 6) unless the Department has granted an exemption pursuant to §6.3 of Regulation 195. Exemption requests related to such filings should be made to:
Peter Dumar, Jr.
Chief Life Attorney
[email protected]
All life and annuity filings involving changes to previously approved life, annuity, funding agreements rates, surrender values, paid-up nonforfeiture values or the supporting actuarial documentation of methodology not involving form language or content should be submitted to the Department through SERFF. See §6.2(a)(2) and (3) of Insurance Regulation 195 (11 NYCRR Part 6) unless the Department has granted an exemption pursuant to §6.3 of Regulation 195. Exemption requests related to such filings should be made to:
William B. Carmello
Chief Life Actuary
[email protected]