Changes in the Market Conduct Profile for the Year 2017
Circular Letter No. 20 (2005) announced the required annual filing of a Market Conduct Profile by each authorized life insurer.
For reporting year 2017 (due June 1, 2018), the following changes have been made:
- Question 5 under the Marketing and Sales Activities Section is added. This question relates to the Company’s point of sale and in-force illustrations on policies with non-guaranteed elements, secondary guarantee elements, market value adjustment features, or equity index features.
The new profile can be found on the Department's website at: http://www.dfs.ny.gov/insurance/reg60/docs/insurance/reg60/mc_profile_2017.pdf
If you have any questions regarding this, please call Sharon Ma at (212) 480‐4659 or Pauline Hall at (212) 480‐5015.