Makes recommendations to the Board on matters of policy relating to legislation, regulation and litigation affecting the business of life insurers.

The Charitable Giving Committee advises and assists in reviewing and evaluating LICONY’s policies, programs and strategies regarding charitable giving and the relationship with the communities our organization and members serve. The committee also offers members a network to discuss giving strategies and opportunities involving charitable giving and philanthropy.

Advises and collaborates with staff to devise appropriate messaging that fosters LICONY’s mission and raises awareness of LICONY’s mission with all external stakeholders.

Makes recommendations to the Legislative and Regulatory Committee on matters of policy regarding company accounting issues.

Develops and responds to proposals concerning life insurance company actuarial and product matters, as well as the establishment, calculation and maintenance of reserves for life and annuity products. Makes recommendations on such matters to the Legislative and Regulatory Committee.

Makes recommendations to the Legislative and Regulatory Committee on all matters relating to the regulation of investment advisors, financial planners and agent issues.

Reviews and advises on policy related to all legislative and regulatory issues relating to dental insurance products. In particular, this subcommittee reviews issues relating to the issuance of dental insurance through the health insurance exchange in New York.

Considers and take positions on matters pertaining to group and individual disability income insurance. Develop and respond to legislative/regulatory initiatives in this area and make recommendations to the Legislative and Regulatory Committee.

Develops and provides policy recommendations to the Legislative and Regulatory Committee regarding the use of technology by life insurers for the purpose of marketing (e-commerce), consumer services, recordkeeping, compliance, and other general functions.

Considers and provides recommendations to the Legislative and Regulatory Committee on all matters pertaining to financial and market examinations and the Department of Financial Services Market Conduct Profile.

Considers issues relating to group annuity products.

Considers issues relating to group life insurance products.

Reviews legislation and regulations and makes recommendations to the Legislative and Regulatory Committee regarding issues pertaining to holding companies and their subsidiaries with particular emphasis on initiatives which would seek to define arrangements between subsidiaries and their parent or affiliates.

Reviews issues relating to individual annuity products.

Reviews issues relating to individual life insurance products.

Reviews and makes recommendations to the Legislative and Regulatory Committee regarding investment law matters, including proposals for regulatory or legislative changes.

Reviews and makes recommendations to the Legislative and Regulatory Committee regarding guaranty fund issues, including proposals for regulatory or legislative changes.

Reviews and makes recommendations to the Legislative and Regulatory Committee on all matters involving litigation and rehabilitation, as well as legislation to authorize punitive damages and private rights of actions for unfair claim settlement practices.

Reviews and weighs in on matters relating to long-term care insurance, to develop or respond to legislative/regulatory initiatives in such areas and to make recommendations on such matters to the Legislative and Regulatory Committee.

Develop policy and make recommendations to the Legislative and Regulatory Committee on legislation to reform the rules regarding departmental approval of policy forms and compensation plans.

Reviews and develop legislative/regulatory initiatives on reinsurance issues and to make recommendations to the Legislative and Regulatory Committee on such matters.

Studies issues pertaining to the replacement of life insurance to provide appropriate industry responses and to make recommendations to the Legislative and Regulatory Committee on such matters.

Develops and responds to legislative/regulatory initiatives on matters relating to limiting agents' compensation and companies' expenses. Makes recommendations to the Legislative and Regulatory Committee on such matters.

Establishes and responds to legislative/regulatory proposals relating to the use of separate accounts, and to make recommendations on such matters to the Legislative and Regulatory Committee.

Makes recommendations to the Legislative and Regulatory Committee regarding matters pertaining to health insurance and managed care. Develops and responds to regulatory and/or legislative initiatives in such areas.

Takes into consideration all matters relating to the taxation of insurance companies. Make recommendations to the Legislative and Regulatory Committee regarding such matters.