No authorized foreign insurer or United States branch of an alien insurer shall deliver or issue for delivery within this State any separate account annuity contract unless the insurer shall comply substantially with the provisions of this Subpart that in the judgment of the superintendent are reasonably necessary to protect the interests of the people of this State.
N.Y. Comp. Codes R. & Regs. Tit. 11 §§ 50-1.10