S&S 55

S&S 55 (Securities and Shares 55) refers to a specific section within New York State insurance law that addresses regulations around securities and shares related to insurance companies. It outlines rules for issuing, selling, and managing these financial instruments to protect policyholders and investors. Essentially, it ensures transparency, compliance, and sound practices in the handling of insurance-related investments, helping maintain the financial stability of insurers and safeguarding public interest.