Regulation 60 Circular Letters and General Counsel Opinions

Return to the Regulation 60 index | Select Opinions By Year index

Circular Letters

For the table description, please select this link.

Circular Letter Number and Year	Date Issued	Addressed To	Subject Matter	HTML	PDF
No. 21 (2000)	06/21/2000	All Licensed Life Insurance Agents, Licensed Life Insurers and Fraternal Benefit Societies	Duties and Obligations in the sale of "Bonus" Interest Rate or Credit Provision Annuity Contracts	html	pdf
No. 5 (2006)	03/24/2006	All Authorized Life Insurers and Licensed Fraternal Benefit Societies ("insurers")	Regulation No. 60 Electronic Reporting	html	pdf
No. 6 (2006)	03/24/2006	All Authorized Life Insurers and Licensed Fraternal Benefit Societies, All Licensed Life Insurance Agents and Brokers	Regulation No. 60 - Contact Information for Replacement Notification and Disclosure Statements	html	pdf

General Counsel Opinions

In the table below, there are three columns. The column headings are Opinion Number, Subject, and Date Issued.
The Opinion Number represents the year, the month, and then the order posted. For example, in 00-01-14 the "00" represents 2000, the "01" represents January, and the "14" refers to the 14th opinion for January 2000.
Each opinion title under Subject is a link to the actual opinion.
Date Issued is displayed in the mm/dd/yyyy format.

Opinion Number	SUBJECT	Date Issued
00-01-04	Necessity for the Execution of Client Replacement Authorization Form Under Regulation 60	01/14/2000
00-11-08	Sales Illustrations, Regulation 60	11/21/2000
01-10-01	Disclosure Statements for Life Insurance Policies and Annuity Contracts and Prior Approval Process	10/02/2001
02-06-30	Replacement of a Variable Annuity as Defined Under NY Comp Codes R & Regs Tit. 11 Sec 51.2(A) (1998)	06/26/2002
02-12-16	NY Comp Codes R & Regs. Tit 11, Sec 51.1-51.8 (1998) & Unauthorized Insurers	12/18/2002
03-01-24	Electronic Data Gathering & Records Retention of Insurance Applications & Related Documents	01/13/2003
03-02-06	Banks and Insurance	02/06/2003
03-07-34	Replacement of Annuity Contracts & Regulation 60	07/31/2003
03-12-04	Internal Replacement of Life Insurance	12/02/2003
04-07-07	Regulation 60 & Replacement of an IRA	07/15/2004
01-07-13	Regulation 60 & Replacements of Annuity Contracts	07/11/2001
04-06-01	Group Annuity Contracts, Transfer of Assets	06/02/2004
05-06-09	Regulation 60 & Staggered Infusion of Funds from Life Insurance Policy & Annuity Contract into New Annuity Contract (see 2/7/2006 for updated opinion)	06/07/2005
06-01-03	Broker Retention of Records	01/04/2006
06-02-04	Applicability of Regulation 60 to Subsequent Transfer of Funds	02/07/2006
06-04-11	Execution of 1035 Exchange by a Former Life Insurance Agent	04/11/2006
06-05-10	Policy or Contract and Company Comparisons in Sale and Replacement of Life Insurance and Annuities	05/30/2006
07-01-04	Applicability of Regulation 60 to Movement of Employee Investments in a 403(b) Program	01/05/2007
07-02-07	Regulation 60 requirements applicable to replacement of a life insurance policy or annuity contract	02/06/2007
07-06-13	Regulation 60	06/15/2007
07-07-12	Regulation 60 Replacement Inquiry	07/19/2007
07-08-09	Applicability of Regulation 60 to an Exchange of a Matured Endowment Contract	08/29/2007

Updated 10/15/2009