NY Insurance Circular Letter No. 1 (1996)

Additional Filing Required by Section 4233(b)(11) of the New York Law

RescindedYear: 1996Length: 378 wordsOfficial source
NOTE: WITHDRAWN EFFECTIVE OCTOBER 11, 2002 Circular Letter No. 1 (1996) January 18, 1996 TO: All Authorized Life Insurance Companies RE: Additional Filing Required by Section 4233(b)(11) of the New York Insurance Law In accordance with Section 4233(b)(11) of the Insurance Law (added by Chapter 610 of the Laws of 1995), life insurers licensed to do business in New York shall include answers to an additional interrogatory (see attachment) with regard to the December 31, 1995 New York Supplement filing. This information should be submitted separately by March 1, 1996, but in all succeeding years will be included as part of the New York Supplement. Please submit the completed responses in duplicate to: Joanne Girard Senior Insurance Examiner Financial Condition Life Bureau New York State Insurance Department 160 West Broadway New York, New York  10013 Additional filing to New York Supplement to the Annual Statement for the Year 1995 of the _______________________________________ NEW YORK GENERAL INTERROGATORIES Interrogatory No. 15 (a) Does the company have any investments, activities or other contributions of the company relating to New York State, its residents, municipalities, businesses and institutions? Yes __ No __ (b) If yes, furnish a statement setting forth a description of the investments, activities or other contributions of the company relating to New York State, its residents, municipalities, businesses and institutions. This statement shall be considered to fulfill the requirements of Section 4233 (b)(11) of the Insurance Law. Investments, activities or contributions shall include, but need not be limited to: obligations of state government, its agencies, municipalities or other instrumentalities; real estate and mortgages, including financing of housing, the construction or rehabilitation of which is undertaken in conjunction with federal, state or local housing assistance programs, including the federal low-income housing tax credit program; common stock and other securities of business and industry, including existing and new small business, and commercial enterprise in state economic development zones or in federal empowerment zones or enterprise communities; charitable and philanthropic contributions; activities conducted by the company to make its customers aware of the investments, activities or other contributions described in the statement; and such other investment, activities or contributions within the intent of the requirements of this paragraph as the superintendent may deem appropriate pursuant to rules or regulations of the department.
NY Insurance Circular Letter No. 1 (1996): Additional Filing Required by Section 4233(b)(11) of the New York Law | Justis AI