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Balance Sheets Insurance Regulations

Kramer Levin Naftalis & Frankel LLP

NY DFS Adjusts Reserving Requirements for In-Force Variable Business

New York-licensed insurers that write life and annuity products should consider possible balance-sheet implications for in-force variable business — including the ability to establish certain reserves over five years...more

Kramer Levin Naftalis & Frankel LLP

NY DFS to Amend Credit-for-Reinsurance Regs to Conform to Covered Agreements

New York-domiciled insurers may soon be able to take advantage of more-relaxed provisions on balance sheet credit for reinsurance where the assuming reinsurer is in a “reciprocal” jurisdiction to the United States. ...more

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