Life Insurance Council of New York, Inc.

LICONY is the only state domestic trade association representing the life insurance companies of the State of New York.  LICONY's membership has expanded to 47 member companies and 14 associate members, and 16 allied professional firms.  LICONY speaks with a single voice on behalf of the life insurance industry, and carries the industry's message to the Governor, the Legislature, the State Insurance Department and other important agencies.

THREE CLASSES OF MEMBERSHIP
 

1. Members.   Any domestic legal reserve insurance company organized and doing business in the State of New York is eligible for election to membership, provided it is recommended to the Board of Directors by the unanimous vote of the Membership Committee. 

Members are entitled to serve as full voting members on substantive issue committees of LICONY, including the Legislative Committee.  In addition, such members may elect and serve on the Board of Directors.   Members are entitled to attend all meetings of the LICONY Legislative Committee, the regular meetings of the Board of Directors, the Annual Legislative & Regulatory Conference, and the Annual Meeting.  Members are also entitled to participate in bi-weekly conference calls of the Legislative Committee, to receive all LICONY publications, including the weekly HOTLINE newsletter and the daily HOTLINKS report, and to have full access to the LICONY website.

2. Associate Members.   A legal reserve life insurance company that is not domiciled in New York State may apply for membership by submitting a request to join LICONY as an Associate Member. Such a company is not  eligible for associate membership if it is the parent, subsidiary, or affiliate of a New York domestic life insurance company that is eligible for membership in LICONY, but has not as yet joined.

Associate Members are entitled to serve as full voting members on substantive issue committees of LICONY, including the Legislative Committee.  Such members may not, however, serve on the Board of Directors.  Associate Members are entitled to attend all meetings of the LICONY Legislative Committee, the regular meetings of the Board of Directors, and the Annual Meeting.  Associate members are also entitled to participate in bi-weekly conference calls of the Legislative Committee, to receive all LICONY publications, including the weekly HOTLINE newsletter and the daily HOTLINKS report, and to have full access to the LICONY website.

3. Allied Professional Firm Members.   Accounting, actuarial, law, and other professional firms may apply for membership by submitting a request to join LICONY as an Allied Professional Member. 
Allied Professional Firm Members are entitled to attend all meetings of the LICONY Legislative Committee, the regular meetings of the Board of Directors, the Annual Legislative & Regulatory Conference, and the Annual Meeting.  Such members are also entitled to receive the weekly HOTLINE newsletter and the daily HOTLINKS report, and to have full access to the LICONY website.

BENEFITS OF MEMBERSHIP

• A permanent, professional lobbying and regulatory presence in Albany and Manhattan, providing important information on New York insurance legislation and regulation. 

• Members are eligible to participate directly on LICONY committees that implement the policies of the membership and the Board of Directors.  Currently, LICONY has over 30 substantive issue committees.  Examples of those committees include the Legislative Committee, Tax Subcommittee, Policy Forms & Rate Filings Working Group, and Risk Classification & Privacy Subcommittee. 

• Member company representatives may participate in LICONY's Annual Albany "Days on the Hill" meetings, the traditional Anniversary Celebration events, the Annual Autumn Legislative & Regulatory Conference, Legislative Committee meetings, Board of Directors meetings, and the December Annual Membership Meeting. 
• Member representatives may also attend periodic educational seminars on major regulatory issues of importance and have access to the secure postings on the comprehensive LICONY website. 
• Members may receive periodic telephone conference briefings and the LICONY HOTLINE weekly newsletter and the daily HOTLINKS report, as well as reports on New York State insurance legislation, regulations, circular letters, and other related documents.