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Watch New York Department of Financial Services NY Jun 6, 2026

New York DFS proposed rule adopting 2026 NAIC Valuation Manual for principle-based reserving

DFS proposed amendments to Part 103 of 11 NYCRR, Insurance Regulation 213, to adopt the 2026 NAIC Valuation Manual by reference. The proposal appeared in the May 27, 2026 State Register, with comments due July 27, 2026.

DFS proposed amendments to Part 103 of 11 NYCRR, Insurance Regulation 213, to adopt the 2026 NAIC Valuation Manual by reference. The proposal appeared in the May 27, 2026 State Register, with comments due July 27, 2026.

What changed

The proposed amendment would update New York's principle-based reserving framework by incorporating the 2026 NAIC Valuation Manual. DFS identified the matter as I.D. No. DFS-21-26-00009-P.

Compliance perspective

Affected insurers and reserve reporting teams should review valuation methodology impacts and submit comments if operational changes are needed. Internal policy and actuarial references tied to Regulation 213 may need updates if the rule is finalized.

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