Guidance for Insurers When Submitting Life and Annuity Product Filings
Life Product Outlines
General Information
- Introductions (03/15/1999)
- 4228(h) - Selfsupport - Multiple Term Life Insurance Plans
- Nonforfeiture Issues - 2001 CSO Table
- Nonforfeiture Issues – 2017 CSO Table
- Summary Form - Group Annuity, Group Funding Agreement and Synthetic GIC Policy Forms (PDF)
- Variable Issues (09/16/2005) PDF | Word
| Product Type | Product Outlines - Last Updated | |||
|---|---|---|---|---|
| Current Version (PDF) | Previous Version (PDF) | Current Version (Word) | Summary Of Changes (PDF) | |
Individual Life Insurance | ||||
Individual Whole Life and Endowment | 12/15/2014 | 12/20/2012 | 12/15/2014 | 12/15/2014 |
| Individual Term Life | 04/14/2021 | 10/26/2018 | 04/14/2021 | 04/14/2021 |
| Individual Universal Life | 12/13/2023 | 08/23/2018 | 12/13/2023 | 12/13/2023 |
| Individual Variable Life | 03/08/2013 | 07/28/2010 | 03/08/2013 | |
| Individual Life Insurance Application | 11/18/2021 | 02/19/2020 | 11/18/2021 | 11/18/2021 |
| Individual Economatic Life Products | 09/27/2012 | 12/10/2001 | 09/27/2012 | |
| Individual Joint Life | 12/19/2023 | 08/27/2020 | 12/19/2023 | 12/19/2023 (html) |
| Group Life Insurance | ||||
| Group Term Life | 07/11/2012 | 01/27/2010 | 07/11/2012 | |
| Group Universal Life Insurance | 08/23/2018 | 07/03/2013 | 08/23/2018 | 08/23/2018 |
| Group Variable Universal Life Insurance | 10/11/2013 | 09/09/2002 | 10/11/2013 | |
| Individual Annuities | ||||
| Individual Fixed and/or Variable Deferred Annuity Outline | 12/15/2023 | 10/06/2020 | 12/15/2023 | 12/15/2023 (html) |
| Group Annuities | ||||
| Group Fixed and/or Variable Annuity Contracts Subject to Individual Standards | 07/11/2023 | 07/25/2014 | 07/11/2023 | 07/11/2023 |
| Allocated Group Annuity Contracts Not Subject to Section 4223 | 05/21/2013 | 02/25/2002 | 05/21/2013 | |
| Guaranteed Interest Contracts | 10/11/2013 | 05/06/1999 | 10/11/2013 | |
| Separate Account Agreements | 10/11/2013 | 01/30/2001 | 10/11/2013 | |
| Immediate Participation Guarantee and Deposit Administration Contracts | 12/14/2012 | 08/11/2000 | 12/14/2012 | |
| Synthetic Guaranteed Investment Contracts | 06/03/2013 | 07/17/2000 | 06/03/2013 | |
| Group Annuity Terminal Funding and Close Out Contracts Outline | 09/24/2012 | 03/23/2000 | 09/24/2012 | |
| Credit Insurance | ||||
| Credit Insurance | 05/03/2013 | 09/09/2002 | 05/03/2013 | |
| Other | ||||
| Fraternal Benefit Societies | 06/06/2013 | 06/06/2013 | ||
| Accelerated Payment of the Death Benefit Product Outline | 02/19/2021 | 04/20/2016 | 02/19/2021 | 02/19/2021 (html) |
| Charitable Gift Annuities | 02/06/2019 | 09/07/2017 | 02/06/2019 | 02/06/2019 |
| Company-Owned Life Insurance | 10/17/2013 | 02/28/2002 | 10/17/2013 | |
| Immediate Annuities | 02/28/2013 | 02/28/2013 | ||
| Individual and Group Funding Agreements | 05/03/2013 | 01/18/2001 | 05/03/2013 | |
| Equity-Index Products, Design Guidance | 10/31/2007 | 10/31/2007 | ||
| Fund Change Only | 11/01/2010 | |||
Reference Area
Statutes, Regulations and Circular Letters Which Impact the Product Outlines
- Circular Letter No. 6 (2004): Procedural Changes in the Approval Process for Life Insurance and Annuity Policy Forms Submissions
- Office of General Counsel Opinion 02-04-21: Guidelines for the Writing of Individual Policies in the Payroll Deduction Market
- Office of General Counsel Opinion 00-12-05: New York Insurance Law Section 4224(a)(1) Regarding Unfair Discrimination Among Members of the Same Class
- Office of General Counsel Opinion 01-08-05: Flexible Premium Variable Life Form
- Office of General Counsel Opinion 01-06-29: Section 4228(h) of the Insurance Law
- Office of General Counsel Opinion 01-06-30: Indeterminate Premium Policies and Universal Life Insurance Policies - Approval Process and Profit Margins
- Circular Letter No. 7 (1999): Life Insurance And Annuity Product Outlines Designed To Assist Insurers In Making Form And Rate Filings With The Department
- Circular Letter No. 8 (1999): Procedural Changes in the Approval Process for Life Insurance and Annuity Policy Forms
- Circular Letter No. 21 (1999): Resubmission of Policy Form Filings Revised in Accordance with the Product Outlines