Skip to content
770-587-4595
Action required New York Department of Financial Services NY Jul 18, 2026

Insurance Circular Letter No. 4, Limitations on Expenses for Life Insurance and Annuity Business

On July 8, 2026, New York DFS issued Insurance Circular Letter No. 4 on limitations on expenses for life insurance and annuity business.

On July 8, 2026, New York DFS issued Insurance Circular Letter No. 4 on limitations on expenses for life insurance and annuity business. The letter was directed to authorized life insurers, fraternal benefit societies, and licensed life insurance agents and brokers.

What changed

DFS issued an insurance circular letter addressing expense limitations in life insurance and annuity business.

Compliance perspective

Insurance entities and producers subject to the letter should review compensation, expense allocation, and filing support processes to confirm alignment with DFS expectations.

Key date

Effective date: July 8, 2026.

Need help staying compliant?

Tell us where you operate and what licenses you hold; we'll handle the filings and renewals so changes like this do not catch you off guard.

Keep reading

More regulatory updates

Other recent rule changes our team is tracking.

  • Action New York Department of Financial Services NY Jul 18, 2026

    Insurance Circular Letter No. 4, Limitations on Expenses for Life Insurance and Annuity Business

    On July 8, 2026, New York DFS issued Insurance Circular Letter No. 4 on limitations on expenses for life insurance and annuity business.

    Read explainer
  • Action New York Department of Financial Services NY Jul 17, 2026

    Third Amendment to 11 NYCRR 12, Insurance Regulation 50, Final Adoption

    On July 8, 2026, New York DFS finalized the Third Amendment to 11 NYCRR 12, Insurance Regulation 50, covering agent training allowance subsidies for certain life insurance and annuity business. DFS said the amendment adjusts subsidy thresholds and takes effect upon publication of the Notice of Adoption in the State Register.

    Read explainer
  • Action New York Department of Financial Services NY Jul 13, 2026

    DFS Final Adoption for Agent Training Allowance Subsidies Under 3rd Amendment to 11 NYCRR 12

    DFS's insurance regulatory activity page shows final adoption dated July 8, 2026 for Agent Training Allowance Subsidies for Certain Life Insurance and Annuity Business under the 3rd Amendment to 11 NYCRR 12, Insurance Regulation 50. The item reflects a completed state rulemaking step during the period.

    Read explainer