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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