REG60

New York Reg60 is a work type that deals with calculation request for:

• Annuity account

• Annuity and Mutual Fund accounts

• Mutual Fund account

• None of the above

NYReg60 calculation request is from:

• Policy owner

• From other insurance companies

• Law Firm

• Beneficiary

RS has ___ days to respond to a New York Regulation 60 request. RS may be fined if we fail to respond within the __-day time frame.

• 10

• 15

• 5

• 20

Which of these documents are important when processing the work item? Select all that applies.

• Cover Page

• Definition of Replacement

• Authorization to Disclose

• Notice of Replacement

Select all that applies. For request with two or more accounts:

• All items in same OneNote package

• Prepare calculation for all accounts

• Clone the work item

• Send only 1 letter for all accounts

Definition of Replacement does not require signature of the owner and agent.

• True

• False

Without the Authorization form from the client, policy information is not allowed to be shared.

• True

• False

Authorization to Disclose is valid for _____

• 60 days

• 30 days

• 3 months

• 6 months

A request will be rejected if the requested amount is not specified.

• True

• False

If the referral does not indicate whether the quote is for a partial or full account value, process the quote for ____.

• Free out amount

• Partial amount

• Full amount