Regulation 60 Circular Letters and Opinions

Circular Letters

Circular Letter Number and Year Date Issued Status Addressed To Subject (and Link)
No. 21 (2000) 06/21/2000

 

All Licensed Life Insurance Agents, Licensed Life Insurers and Fraternal Benefit Societies

 Duties and Obligations in the sale of "Bonus" Interest Rate or Credit Provision Annuity Contracts
No. 5 (2006) 03/24/2006  

All Authorized Life Insurers and Licensed Fraternal Benefit Societies 

 Regulation No. 60 Electronic Reporting
No. 6 (2006) 03/24/2006  

All Authorized Life Insurers and Licensed Fraternal Benefit Societies, All Licensed Life Insurance Agents and Brokers

 Regulation No. 60 - Contact Information for Replacement Notification and Disclosure Statements
No. 7 (2016) 12/08/2016  

All Licensed Life Insurance Agents and Brokers and Authorized Life Insurance Companies and Fraternal Benefit Societies

 Unsuitable Deferred-to-Immediate Annuity Contract Replacements and Betterment of Rate Calculations

General Counsel Opinions

Opinion Number SUBJECT Date Issued
00-01-04

Necessity for the Execution of Client Replacement Authorization Form Under Regulation 60

 01/14/2000
00-11-08

Sales Illustrations, Regulation 60

 11/21/2000
01-10-01

Disclosure Statements for Life Insurance Policies and Annuity Contracts and Prior Approval Process

 10/02/2001
02-06-30

Replacement of a Variable Annuity as Defined Under NY Comp Codes R & Regs Tit. 11 Sec 51.2(A) (1998)

 06/26/2002
02-12-16

NY Comp Codes R & Regs. Tit 11, Sec 51.1-51.8 (1998) & Unauthorized Insurers

 12/18/2002
03-01-24

Electronic Data Gathering & Records Retention of Insurance Applications & Related Documents

 01/13/2003
03-02-06

Banks and Insurance

 02/06/2003
03-07-34

Replacement of Annuity Contracts & Regulation 60

 07/31/2003
03-12-04

Internal Replacement of Life Insurance

 12/02/2003
04-07-07

Regulation 60 & Replacement of an IRA

 07/15/2004
01-07-13

Regulation 60 & Replacements of Annuity Contracts

 07/11/2001
04-06-01

Group Annuity Contracts, Transfer of Assets

 06/02/2004
05-06-09

Regulation 60 & Staggered Infusion of Funds from Life Insurance Policy & Annuity Contract into New Annuity Contract
(see 2/7/2006 for updated opinion)

 06/07/2005
06-01-03

Broker Retention of Records

 01/04/2006
06-02-04

Applicability of Regulation 60 to Subsequent Transfer of Funds

 02/07/2006
06-04-11

Execution of 1035 Exchange by a Former Life Insurance Agent

 04/11/2006
06-05-10

Policy or Contract and Company Comparisons in Sale and Replacement of Life Insurance and Annuities

 05/30/2006
07-01-04

Applicability of Regulation 60 to Movement of Employee Investments in a 403(b) Program

 01/05/2007
07-02-07

Regulation 60 requirements applicable to replacement of a life insurance policy or annuity contract

 02/06/2007
07-06-13

Regulation 60

 06/15/2007
07-07-12

Regulation 60 Replacement Inquiry

 07/19/2007
07-08-09

Applicability of Regulation 60 to an Exchange of a Matured Endowment Contract

 08/29/2007