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N.Y. Comp. Codes R. & Regs. tit. 11, § 99.1 – Purposes. | Midpage
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New York Codes, Rules and Regulations
Title 11
Chapter IV
Subchapter B. Life Insurers
Part 99
§ 99.1
N.Y. Comp. Codes R. & Regs. tit. 11, § 99.1
Purposes.
Insurance
(a) to prescribe rules and guidelines for valuing contracts involving fund accumulations in accordance with statutory reserve formulae;
(b) to prescribe rules and guidelines for valuing annuity benefits and structured settlements in accordance with statutory reserve formulae; and
(c) to adopt new mortality tables for valuing annuity benefits.
The purposes of this Part are: