New York – Circular Letters

New York – Circular Letters

• dfs.ny.gov/industry_guidance/circular_letters   
• dfs.ny.gov/industry_guidance/circular_letters/2001_2020 – Circular Letters Issued from 2001 through 2020 – Note: Some Circular Letters have been withdrawn.
  • Issued from 1924 through 1980     
  • Issued from 1981 through 2000           
  • Issued from 2001 through 2020       
  • Issued from 2021 through 2022           
  • Issued in Current Year
• Previous and Withdrawn Circular Letters
  • Circular Letters issued from 1991 through 2022   
  • Circular Letters issued from 1924 through 1990  
  • Withdrawn Circular Letters

2000s

• 2003 1027 – New York Circular Letter – IMSA – No. 17-03- cl2003_17 – dfs.ny.gov/industry_guidance/circular_letters/cl2003_17
  • 2004 – IMSA – Market Conduct Standards & the Life Insurance Industry, NOLGHA Annual Meeting, October 26-27, 2004 – 26p
• 2008 0922 – NYSID – Circular Letter No. 19, TO: All authorized financial guaranty insurers, RE: “Best practices” for financial guaranty insurers
  • III. REGULATION OF FINANCIAL GUARANTY INSURERS
  • The regulation of FGIs in New York is principally governed by Article 69 of the Insurance Law, which applies exclusively to FGIs. Article 69 sets forth a series of specialized and highly technical requirements intended to safeguard the financial solvency of FGIs authorized to do business in this State.
  • These include:
• 2008 1010 – NYSID – Circular Letter No. 22 – [link] – <Bad Link>
  • TO: All New York-authorized insurers, licensed insurance producers, licensed health maintenance organizations, licensed fraternal benefit societies, and Excess Line Association of New York
  • RE:  American International Group (“AIG”) Insurance Company Subsidiaries in New York  
  • Misrepresentations or misleading statements regarding AIG insurance company subsidiaries in New York-or other insurers- aimed at causing fear or undue concern amongst insurance consumers will compel the Department to take appropriate disciplinary or other regulatory action against any person violating the Insurance Law and regulations thereunder.

2010s

• 2019 0118 – NYSID – Insurance Circular Letter No. 1
  • TO: All Insurers Authorized to Write Life Insurance in New York State
  • RE: Use of External Consumer Data and Information Sources in Underwriting for Life Insurance – [link]