The provisions of this section shall apply to all domestic life insurance companies and to all foreign and alien life insurance companies doing business in this State, but not the alien branches of such companies or such companies' subsidiaries not licensed in this State to do an insurance business, nor to fraternal benefit societies. The provisions shall apply only to the types of policies as specified in Insurance Law section 4228(a).
N.Y. Comp. Codes R. & Regs. Tit. 11 § 12.1