New York Insurance Code § 4233

Annual statements of life insurance companies
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§ 4233. Annual statements of life insurance companies. (a) In addition\nto any other matter which may be required to be stated therein, either\nby law or by the superintendent pursuant to law, every annual statement\nof every life insurance company doing business in this state shall\nconform substantially to the form of statement adopted from time to time\nfor such purpose by, or by the authority of, the National Association of\nInsurance Commissioners, together with such additions, omissions or\nmodifications, similarly adopted from time to time, as may be approved\nby the superintendent.\n  (b) The annual statement required by subsection (a) hereof shall\ninclude an accurate, concise and complete statement of the following\nmatters:\n  (1) All moneys expended in connection with any matter pending before\nany legislative body or any officer or department of government, giving\nparticulars with respect to all items of one hundred dollars or more as\nto dates, amounts, names and addresses of payees, the measure or\nproceeding in connection with which the payment was made, and the\ninterest of the company therein.\n  (2) The names of the officers and directors of the company and the\nproceedings at the last annual election of directors, giving the names\nof candidates and the number of votes cast for each and whether in\nperson, by proxy or by mail.\n  (3) The compensation and names of the chief executive officer, the\nfour most highly paid other executive officers, regardless of the amount\nof the compensation, the next five highly compensated employees whose\nindividual total compensation exceeds one hundred thousand dollars and\nall directors, other than those officers or employees who may otherwise\nhave been disclosed pursuant to this paragraph and who also serve as\ndirectors. A list of the job titles and compensation for any officer or\nemployee not otherwise disclosed pursuant to this paragraph where the\nindividual's total compensation is in excess of seven hundred fifty\nthousand dollars. Compensation shall consist of any and all remuneration\npaid to or on behalf of an officer, employee or director provided for in\nthis paragraph during the year, including wages, salaries, bonuses,\ncommissions, stock grants, gains from the exercise of stock options and\nany other emolument. Amounts disclosed for directors must include all\ncompensation paid for services on the board and committees, as well as\nany other compensation for any other activity or service, such as\nconsulting agreements.\n  (4) All banks and trust companies in which an account was maintained\nat any time during the year, and the balance at the end of the year, if\nany, carried by such company in each such bank or trust company and the\nlargest balances carried by such company during each month of the year\nin each bank or trust company in which the largest balance during the\nyear exceeded one-fortieth of one percent of admitted assets at the\nbeginning of the year or five hundred thousand dollars, whichever is\nsmaller.\n  (5) All death claims resisted or compromised by such company during\nthe year, and, for each such case the sums insured, the sums paid and\nthe reasons for resisting or compromising the claim.\n  (6) A complete statement of the gains and losses upon all of its\nbusiness transacted during the year and the sources of such gains and\nlosses. Any life insurance company which is authorized or permitted to\nissue in this state participating policies or contracts, and which\nissues in the United States both participating and non-participating\npolicies or contracts, shall make a separate statement showing gains and\nlosses, with respect to each of such classes of business, and also\nshowing the manner in which any general gains and outlays of the company\nhave been apportioned to each of such classes of business, in conformity\nwith section four thousand two hundred thirty-one of this article. Any\nlife insurance company issuing industrial lif

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