Changes in the Market Conduct Profile for the Year 2011
Circular Letter No. 20 (2005) announced the required annual filing of a Market Conduct Profile by each authorized life insurer.
For reporting year 2011 (due June 1, 2012), the following changes have been made:
- Question 7 in the Compliance Section is added. These questions relate to the Company’s AML Program and the specific products that are covered under the AML Program.
- In question 12 of the Compliance Section (formerly question 11), the question concerning membership in IMSA has been replaced with question concerning the membership with The Compliance & Ethics Forum for Life Insurers (CEFLI) or other similar organizations.
The new profile can be found on the Department's website at: http://www.dfs.ny.gov/insurance/reg60/mc_profile_2011.pdf
If you have any questions regarding this, please call Sharon Ma at (212) 480‐4659 or Pauline Hall at (212) 480‐5015.