NY| The August 1, 2025 Industry Letter, from the New York State Department of Financial Services (DFS), outlines the maximum reserve valuation and maximum life policy nonforfeiture interest rates for life insurance products in 2025, as mandated by Sections 4217, 4218, and 4221(k) of the New York Insurance Law. The document is intended for all authorized life insurance companies, accredited reinsurers, fraternal benefit societies, and charitable annuity societies, emphasizing that maximum interest rates for policy reserves and nonforfeiture values will vary annually based on Moody’s corporate bond yield averages and provides detailed rate information for new issues and policy changes from 1982 through 2025.
- The maximum valuation interest rates for ordinary life insurance policies (excluding single premium life insurance) are listed under Category A, with single premium life insurance rates shown separately in Category B.
- Recipients are directed to consult NY Insurance Law sections 4217 and 4221, as well as Regulations 147, 151, and 213 for definitions and further regulatory context related to these interest rates.
