New York Annuity

The New York Insurance Department is primarily responsible for regulating and supervising all business related to insurance. The mission of the the New York Insurance Department is "Ensure the continued sound and prudent conduct of insurers’ financial operations; Provide fair, timely and equitable fulfillment of insurer obligations; Protect policyholders from financially impaired or insolvent insurers; Eliminate fraud, other criminal abuse and unethical conduct in the industry; and Foster growth of the insurance industry in the State."

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New York Insurance Superintendent

James J. Wrynn is the current commissioner of the New York Department of Insurance. James J. Wrynn was nominated on August 20, 2009 by Governor David A. Paterson to be the 40th Superintendent of the New York State Insurance Department. James has been a lifelong resident of Queens, and also graduated from St. Johns Law School in 1984. His resume is also quite extensive; he previously served as the Executive Director of the New York State Insurance Fund, was a founding partner in the law firm of MacKay Wrynn & Brady, LLP, is admitted to the federal and state courts in New York and New Jersey and the Supreme Court of the United States, and is also a actively involved member of the Irish community.

New York Annuity Resources

In 1859 the New York Department of Insurance was created by the New York State Legislature and in 1860 began operations and assumed the functions of the Comptroller and Secretary of the state on all issues relating to insurance. The department also has a wide range of resources readily available to consumers that have any questions at all. To reach the New York Insurance Departments Consumer Services Bureau you can call Consumer Services at:   518-474-6600 (Albany) or 212-480-6400 (New York City. For more information about the New York Insurance Department, you can visit their web site here.

 

Capital: Albany
State Commissioner: James J. Wrynn
Insurance Hotline: (212) 480-2289
Annuity Guarantee Limit: $500,000
Website: http://www.ins.state.ny.us/
Links: Annuity Products Consumer Guide