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 46 member companies and 17 associate members, and 14 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 life 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 subcommittees,  and on the Legislative & Regulatory Committee of LICONY.  In addition, Members  elect and may serve on the Board of Directors.  Members are entitled to attend all meetings of the LICONY Legislative & Regulatory 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 & Regulatory Committee, receive all LICONY publications, including the weekly HOTLINE newsletter and the daily HOTLINKS report, and have full access to the LICONY website.

2. Associate Members.  A non-domestic legal reserve life insurance company doing business in New York State may apply for membership by submitting a request to join LICONY as an Associate Member.  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  joined.

Associate Members are entitled to serve as full voting members on substantive issue subcommittees , and on the Legislative & Regulatory Committee of LICONY.  Associate Members may not, however, serve on the Board of Directors.  Associate Members are entitled to attend all meetings of the LICONY Legislative & Regulatory 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 & Regulatory Committee, receive all LICONY publications, including the weekly HOTLINE newsletter and the daily HOTLINKS report, and 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 Firm Member. 
Allied Professional Firm Members are entitled to attend all meetings of the LICONY Legislative & Regulatory Committee, the regular meetings of the Board of Directors, the Annual Legislative & Regulatory Conference, and the Annual Meeting.  Alled Professional Firm Members are also entitled to receive the weekly HOTLINE newsletter and the daily HOTLINKS report, and have full access to the LICONY website.

BENEFITS OF MEMBERSHIP

• A permanent, professional legislative and regulatory lobbying presence in Albany and Manhattan, providing important advocacy and information on New York insurance legislation and regulations.  The opportunity to participate on LICONY committees, and subcommittees that recommend or determine, and implement the policies of the membership and the Board of Directors.  Currently, LICONY has over 30 substantive committees and subcommittees, examples of which include the Legislative & Regulatory Committee, the Tax Subcommittee, the Actuarial & Reserves Subcommittee and the Policy Forms Filing Subcommittee. 
• The opportunity to participate in NYSID/LICONY task forces and working groups that meet regularly with Insurance Department staff to discuss and resolve issues of interest or concern to the New York life insurance industry; examples include the NYSID/LICONY Actuarial & Reserves Task Force, the NYSID/LICONY Policy Form Filing Task Force, and the NYSID/LICONY Market Conduct & Examinations Task Force.
• The  opportunity to participate in LICONY's Annual Albany "Days on the Hill" meetings, the traditional Anniversary Celebration events, the Annual Legislative & Regulatory Conference in Cooperstown, Legislative & Regulatory Committee meetings, Board of Directors meetings, and the  Annual Membership Meeting in December. 
• The opportunity to attend periodic educational seminars on regulatory issues of importance; e.g., the Annual Speed-to-Market & Market Conduct Seminar and the Annual Tax Conference.   
• Being informed of New York State legislative, regulatory and political developments as they occur through bi-weekly conference calls of the Legislative & Regulatory Committee, the LICONY HOTLINE weekly newsletter and the daily HOTLINKS report, as full access to the password-protected LICONY website.