New York - WishList

  • <WishList> - 1980 - NYSID - Consumers Shopping Guide for Life Insurance, New York State Insurance Department - 41 pages
  • <WishList> - (Op. Letter 6/26/98, copy enclosed)
    • 2000 0616 - NYSID - Letter from Rochelle Katz, Associate Att’y, State of N.Y. Ins. Dep’t, to Bertil Lundqvist, Att’y, Skadden, Arps, Slate, Meagher & Flom, LLP (June 16, 2000) (on file with the N.Y. Dept. of Ins. Gen. Counsel). / NYSID Letter to Starr International Inc.  Regarding Credit Default Option Facility - 2p
      • In the past, the Department has opined (Op. Letter 6/26/98, copy enclosed), that an index swap transaction did not constitute an insurance contract because the index swap did not obligate the index payer to indemnify the losses of the fixed rate payment payer.
  • <WishList> - (p30) - 12 New York State Insurance Dept., Recognizing Progress By Federal Government In Developing Oversight Framework For Credit Default Swaps, New York Will Stay Plan To Regulate Some Credit Default Swaps, press release, November 20, 2008 (‘‘Dinallo announced that New York had determined that some credit default swaps were subject to regulation under state insurance law and that the New York State Insurance Department would begin to regulate them on January 1, 2009.’’).
    • 2009 0204 and 0205 - GOV (House) - Hearings to Review Derivatives Legislation - [PDF-300p, VIDEO-?]
  • In June 2013, the New York Department of Financial Services ("DES") concluded a nearly year-long investigation into life insurer-owned captive insurance vehicles.1
    • Upon finding that New York-based insurers and their affiliates engaged in at least $48 billion in transactions that enabled them to reduce their reserves and artificially inflate their balance sheets by juicing their risk-based capital ratios by approximately 250%, DFS urged fellow state insurance commissioners to adopt a national moratorium with regard to future captives transactions until a fuller and more complete picture could emerge that would inform collective decision-making.  (p1)

2014 0812 - Letter - New York Department of Financial Services (Ben Lawsky) to State Insurance Commissioners, plus Jacob Lew (DOTT), Michael McrRaith (FIO) - <WishList>