LICONY HAS THREE CLASSES OF MEMBERSHIP
1. Members. Any domestic legal reserve life insurance company organized and doing business in the State of New York is eligible to join LICONY as a full member. Members are entitled to serve as full voting members on substantive issue subcommittees and on the Legislative & Regulatory Committee of LICONY. In addition, Members elect and may serve on the Board of Directors.
2. Associate Members. Nondomestic legal reserve life insurance companies doing business in New York State may become associate members of LICONY. A company is not eligible for associate membership if it is the parent, subsidiary, or affiliate of a New York domestic life insurance company that is eligible for membership in LICONY, but has not joined. Associate Members are entitled to serve as full voting members on substantive issue subcommittees and on the Legislative & Regulatory Committee of LICONY
3. Allied Professional Firm Members. Accounting, actuarial, law, and other professional firms are welcome to join LICONY as an Allied Professional Firm. Allied Professional Firm Members are entitled to attend LICONY meetings, participate in calls and share information, as well as receive all LICONY publications and have full access to the LICONY website.
BENEFITS OF MEMBERSHIP
LICONY exists to provide an effective, collective voice for the industry in this challenging environment. LICONY is recognized by the life insurance industry and by legislators and regulators throughout New York as the principal voice for the life insurance companies doing business in the State.
LICONY members enjoy many benefits, including: