About LICONY Advocacy Members News Consumer Center My Account Benefits of Membership 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 57 member companies and 21 associate members, and 20 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 Department of Financial Services, other important agencies, and the public. If you would like us to send more information, or want to talk to someone about joining LICONY, contact Felicia Franklin at 518-436-8417 or ffranklin@licony.org. Membership Information LICONY HAS 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 to join LICONY as a full member. 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. 2. Associate Members. Nondomestic legal reserve life insurance companies doing business in New York State may become associate members of LICONY. 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 3. Allied Professional Firm Members. Accounting, actuarial, law, and other professional firms are welcome to join LICONY as an Allied Professional Firm. Allied Professional Firm Members are entitled to attend LICONY meetings, participate in calls and share information, as well as receive all LICONY publications and have full access to the LICONY website. BENEFITS OF MEMBERSHIP LICONY exists to provide an effective, collective voice for the industry in this challenging environment. LICONY is recognized by the life insurance industry and by legislators and regulators throughout New York as the principal voice for the life insurance companies doing business in the State. LICONY members enjoy many benefits, including: A place “at the table” when LICONY is developing legislative and regulatory positions and priorities for the life insurance industry doing business in New York. The opportunity to participate in task forces and working groups that work directly with the New York State Department of Financial Services (“NYSDFS”) on behalf of the New York life insurance industry. Information about changes in New York laws and regulations. The opportunity to be an active part of the community of life insurers doing business in New York that speaks responsibly and collectively for good public policy and practice. The opportunity to participate with other CEOs/COOs and General Counsels of LICONY member life insurance companies in joint policy meetings with the leadership of the NYSDFS. The opportunity for compliance and government relations staff to get to know their counterparts in the other member life insurance companies, and be able to consult with them on regulatory and legislative matters. Many other benefits, including: Regularly published newsletters Daily electronic news updates Survey membership Conference calls on legislative and regulatory developments Numerous conferences, seminars, and events. An annual “Day on the Hill” consisting of meetings with legislators. Participation in LICONY Policymaking Subcommittees About LICONY Board of Directors Staff History Advocacy Legislative Activity Regulatory Activity Members Member Companies LICONY Committees, Subcommittees & Working Groups Member Directory Member Inquiry Results Benefits of Membership Member Information Request News Upcoming Events News Releases Industry and Member News Publications Webinar Archive Consumer Center Why Life Insurance? Life Insurance Industry Facts Financial Literacy What is an Annuity? Additional Resources Glossary of Terms Life Insurance Council of New York 111 Washington Avenue Albany, NY 12210 518.436.8417 Copyright © 2021 Life Insurance Council of New York, Inc.