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Watch New York Department of Financial Services NY Jun 17, 2026

New York DFS proposes permanent insurer RBC treatment for certain fixed-income ETFs

In the June 10, 2026 New York State Register, DFS published a proposed rule titled Risk-Based Capital (P). The amendment would remove the January 1, 2027 sunset and make permanent the treatment of certain fixed-income ETF shares as bonds for insurer RBC reporting if specified criteria are met.

In the June 10, 2026 New York State Register, DFS published a proposed rule titled Risk-Based Capital (P). The amendment would remove the January 1, 2027 sunset and make permanent the treatment of certain fixed-income ETF shares as bonds for insurer RBC reporting if specified criteria are met.

What changed

DFS proposed to eliminate a sunset date and continue bond treatment for qualifying fixed-income ETF shares in insurer risk-based capital reporting.

Compliance perspective

This item is mainly relevant to insurers and affiliated reporting teams. Companies subject to DFS insurance capital rules should review whether portfolio classification and RBC reporting assumptions need adjustment if the rule is finalized.

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