Requires self supporting life insurance and annuity business policies; repealer

This bill requires New York life insurance and annuity companies to offer only policies that appear financially self-sustaining based on standard assumptions about interest rates, mortality, and costs. Insurers must submit actuarial certifications with each policy filing and retain supporting documentation for six years. The rule applies to all new policies issued after the law takes effect, replacing prior requirements. It ensures policies remain financially sound for policyholders without altering premium structures.