Reviews and makes recommendations on policy generally relating to the use of artificial intelligence (AI) in the underwriting process and specifically relating to the details contained in Circular Letter 1 of 2019 – Use of External Data and Information Sources in Underwriting for Life Insurance.

Shares with members and reviews for compliance discussion climate change initiatives released by the NY Department of Financial Services, in particular, related to the Proposed Guidance for Domestic Insurers on Managing the Financial Risks from Climate Change.

Provides a forum for discussion of any compliance or interpretive concerns relating to Circular Letter 1 of 2017 – Life Insurance Unfair Claim Settlement Practices during the Contestability Period.

Discusses policy and interpretive and compliance concerns regarding 23NYCRR Part 500 – Cybersecurity Requirements for Financial Services Companies and provides a forum for discussion of other cybersecurity initiatives imposed by the NY Department of Financial Services.

Provides a forum for discussion relating to the annual Circular Letter that requires a Disaster Planning and Response filing to be submitted to the NY DFS.

Discusses policy generally relating to matters impacting domestic stock life insurers, particularly relating to requisite filings to DFS for dividend distributions.

Develops policy for advocacy relating to the appropriate DFS review process for electronic applications and related marketing forms and to ease compliance burden for insurers choosing to execute forms using an electronic signature.

Provides a forum for members to discuss interpretive questions around and compliance with Regulation 203 – Enterprise Risk Management and Own Risk & Solvency Assessment; Group-wide Supervision, including annual filing requirements.

Provides an opportunity for education on and a forum for discussion of environmental, social, and governance (ESG) issues that are raised by members or by the NY Department of Financial Services. The ESG Working Group will take up diversity & inclusions issues and will work in conjunction with the LICONY Climate Change Working Group on climate change issues.

Reviews and advises on policy related to all legislative & regulatory issues relating to hospital indemnity insurance.

Reviews and makes recommendations to the Tax Subcommittee on all matters specifically relating to the Life Insurance Company Guaranty Corporation (LICGC) tax credit.

Assists members in complying with the lost policy requirements of Regulation 200 -- Unclaimed Life Insurance Benefits and Policy Identification (11NYCRR Part 226.5) and any related guidance.

Provides a forum for high-level member company discussion relating to accommodating non-binary or gender X applicants for life insurance and to develop policy positions generally relating to this topic.

Provides feedback on matters pertaining to paid family leave, to develop and respond to legislative/regulatory initiatives in this area and to make recommendations to the Legislative and Regulatory Committee on such initiatives.

Provides feedback and makes recommendations to the Paid Family Leave Working Group on all matters specifically relating to the paid family leave wage rate and the impact of legislation/regulatory initiatives on the wage rate.

Provides feedback and makes recommendations to the Paid Family Leave Working Group on all matters relating to paid family leave and the impact of tax legislation/regulatory initiatives on the program.

Discusses LICONY policy regarding potential amendments to Regulation 213 – Principles-Based Reserving (PBR) to bring it into conformance with the NAIC Valuation Manuals and provide a forum for members to discuss appropriate compliance with the Regulation.

Provides feedback on matters pertaining to pre-need funeral insurance, to develop and respond to legislative/regulatory initiatives in this area and to make recommendations to the Legislative and Regulatory Committee on such initiatives.

Develops and responds to legislative/regulatory initiatives on matters relating to data privacy legislation and makes recommendations to the Legislative and Regulatory Committee on such matters.

Establishes policy relating to advocacy for amendments to Regulation 143 re: Accelerated Death Benefits and provides a forum for discussion of appropriate compliance with the Regulation.

Develops LICONY policy regarding potential amendments to Regulation 187 – Suitability & Best Interests in Life Insurance Policies & Annuities, to provide a forum for discussion of appropriate compliance and to track developments relating to the legal challenge of the Regulation.

Develops LICONY policy and provides a forum for members to discuss appropriate compliance with Regulation 210 – Life Insurance & Annuity Non-Guaranteed Elements.

Provides a forum for discussion of any examination issues relating to appropriate compliance with Regulation 60 – Replacement of Life Insurance Policies and Annuity Contracts, including in relation to Circular Letter 7 of 2016 – Unsuitable Deferred-to-Immediate Annuity Contract Replacements ad Betterment of Rate Calculations.

Develops policy on advocacy relating to proposed amendments to Regulation 74 – Life Insurance and Annuities Cost Disclosures and Illustrations and to act as a forum for and provide guidance relating to appropriate compliance with the Regulation.

Provides illustration actuarial support to the Regulation 74 Working Group

Develops advocacy relating to proposed amendments to Regulation 74 relating to illustration delivery.

Develops advocacy relating to proposed amendments to Regulation 74 relating to indexed product illustration.

Reviews and makes recommendations on policy relating to legislative and regulatory matters involving risk selection, appraisal and underwriting, genetic testing, and the use of AI in the underwriting process.

This Working Group will assist LICONY advocacy relating to the necessity for making policy form filings in NY to implement changes brought about due to the adoption of the federal SECURE Act. WG members will seek to have postponed that command by DFS prior to the release of IRS guidance on this topic.

Develops policy positions relating to the details required by the NY DFS in the self- support demonstrations required for submission to DFS pursuant to NYIL §4228.

Discusses LICONY policy on our advocacy relating to the NY DFS Special Consideration Letter on life company reserving (SCL) provides a forum for members to discuss appropriate compliance with this annual guidance.

Develops and responds to DFS regulatory initiatives relating to long term disability insurance and insurers’ authority to offset for estimated social security disability income, and makes recommendations to the Disability Subcommittee.

Discusses LICONY policy around advocacy for a Proposed Amendment to Regulation 47 – Separate Accounts & Separate Account Products to open the market for registered index-linked annuity products in New York and discuss compliance matters relating to the amendments.

Provides actuarial support relating to proposed amendments to Regulation 47.

Reviews and makes recommendations on policy related to all legislative and regulatory issues relating to student accident insurance.

Assists members in complying with the unclaimed life benefits requirements of Regulation 200 -- Unclaimed Life Insurance Benefits & Policy Identification (11NYCRR Part 226.5) and any related guidance.

Provides a forum for discussion of appropriate compliance with regulations governing universal life and variable universal life products.