N.Y. Comp. Codes R. & Regs. Tit. 11 §§ 42-2.2

Current through Register Vol. 46, No. 51, December 18, 2024

Section 42-2.2 - Applicability

(a) This Subpart shall apply to individual life insurance policies delivered or issued for delivery in this State after the operative date of this Subpart by any authorized life insurance company or fraternal benefit society other than policies subject to section 54.7(b) of this Title or policies subject to section 4221(n-1) of the Insurance Law.

(b) This Subpart shall apply to all amendments, endorsements or other similar modifications made after the operative date of this Subpart to individual life insurance policies delivered or issued for delivery in this State by any authorized life insurance company or fraternal benefit society other than amendments, endorsements or other similar modifications subject to section 54.7(b) of this Title or subject to section 4221(n-1) of the Insurance Law.

(c) Any insurer authorized in this State may file with the superintendent a written notice of the election to comply, with respect to any policy, with the provisions of this Subpart as of a specified date on or after the effective date of this Subpart and prior to January 1, 2009. That date shall be the operative date of this Subpart for that policy of insurance for such life insurance company or certificate of insurance for such fraternal benefit society. The operative date of this Subpart for all policies of a life insurance company and all certificates of a fraternal benefit society where such written election was not made shall be January 1, 2009.

N.Y. Comp. Codes R. & Regs. Tit. 11 §§ 42-2.2