# NY Insurance Circular Letter (1944-01-06): Reserves for deferred maternity benefits under individual hospitalization contracts (See also CL (11/6/58) on this listing)

> New York · Agency guidance · Rescinded

URL: https://www.frixlaw.com/law-library/statutes/NY_CL_CL1944_NN_01_06

## Section

- **Citation:** NY Insurance Circular Letter (1944-01-06)
- **Heading:** Reserves for deferred maternity benefits under individual hospitalization contracts (See also CL (11/6/58) on this listing)
- **Jurisdiction:** New York
- **Kind:** Agency guidance
- **Status:** Rescinded
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** New York DFS Insurance Circular Letters / Reserves for deferred maternity benefits under individual hospitalization contracts (See also CL (11/6/58) on this listing).

## Text

January 6, 1944
SUBJECT: INSURANCE
WITHDRAWN
TO ALL COMPANIES ISSUING INDIVIDUAL HOSPITALIZATION CONTRACTS
Gentlemen:
This is in reference to any maternity benefits which may be provided in your outstanding hospitalization contracts.
Inasmuch as it is generally accepted that maternity benefits are in effect deferred benefits for which a company becomes potentially obligated at the inception of pregnancy, it is requested that each company include among the liabilities reported in its 1943 annual statement a reserve representing the estimated amount of maternity benefits payable during the nine months subsequent to the date of the annual statement. Such estimate should be based upon the experience of your company. If it is not possible or feasible for your company to set up the above full reserve in the 1943 statement, a reasonable period of time such as three or four years will be allowed for the accumulation of such reserve.
Very truly yours
[SIGNATURE]
Superintendent of Insurance

## Nearby sections

- [*13 Point-of-Service Products](https://www.frixlaw.com/law-library/statutes/NY_CL_CL1999_13.md)
- [5   Revised Excess Line Broker Premium Tax Statements.](https://www.frixlaw.com/law-library/statutes/NY_CL_CL1967_05_REV.md)
- [5 Amendment Reports and data specifications.](https://www.frixlaw.com/law-library/statutes/NY_CL_CL1982_05_AMD.md)
- [7 (Addendum) Non-Medical Life Insurance Limits - Insurance Law Section 40-e; Regulation No. 75 (11 NYCRR 217).](https://www.frixlaw.com/law-library/statutes/NY_CL_CL1979_07_ADD.md)
- [14 Amendment Placement of group casualty & group property insurance policies with unauthorized insurers](https://www.frixlaw.com/law-library/statutes/NY_CL_CL1981_14_AMD.md)
- [NY Insurance Circular Letter (1929-03-01) Maximum amount or percent of premiums to be contributed by employees under group life policies.](https://www.frixlaw.com/law-library/statutes/NY_CL_CL1929_0301_NN.md)
- [NY Insurance Circular Letter (1933-02-21) Earliest permissible advance announcement of dividends to policyholders.](https://www.frixlaw.com/law-library/statutes/NY_CL_CL1933_0221_NN.md)
- [NY Insurance Circular Letter (1939-07-01) Rules for submission of forms.](https://www.frixlaw.com/law-library/statutes/NY_CL_CL1939_0701_NN.md)
- [NY Insurance Circular Letter (1943-12-21) Reserves for deferred maternity benefits under group hospitalization and surgical policies.](https://www.frixlaw.com/law-library/statutes/NY_CL_CL1943_NN_12_21.md)
- [NY Insurance Circular Letter (1944-01-06) Reserves for deferred maternity benefits under individual hospitalization contracts (See also CL (11/6/58) on this listing).](https://www.frixlaw.com/law-library/statutes/NY_CL_CL1944_NN_01_06.md)
- [NY Insurance Circular Letter (1948-11-01) Group and blanket accident and health premium rates higher in New York on voluntary insurance than in states with compulsory disability benefit laws, justification necessary for some cases.](https://www.frixlaw.com/law-library/statutes/NY_CL_CL1948_NN_11_01.md)
- [NY Insurance Circular Letter (1948-11-19) Eligibility of corporation directors of group life and accident and health insurance.](https://www.frixlaw.com/law-library/statutes/NY_CL_CL1948_NN_11_19.md)
- [NY Insurance Circular Letter (1949-06-14) Limitations of benefits in event of death in first two policy years unfair.](https://www.frixlaw.com/law-library/statutes/NY_CL_CL1949_NN_06_14.md)
- [NY Insurance Circular Letter (1950-02-27) Filing of advisory policy forms under the Disability Benefits Law. (See (also CL (6/4/52) on this listing).](https://www.frixlaw.com/law-library/statutes/NY_CL_CL1950_NN_02_27.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/NY_CL_CL1944_NN_01_06. Check the current official text before relying on it. Not legal advice.