No authorized foreign insurer or United States branch of an alien insurer shall deliver or issue for delivery within this State any separate account contract unless the insurer shall comply substantially with the provisions of this Subpart related to the method of operation of separate accounts that, in the judgment of the superintendent are reasonably necessary to protect the interests of the people of this State. The insurer shall file with the superintendent a statement as to the method of operation of its separate accounts used in connection with separate account contracts delivered or issued for delivery in this State. The insurer shall, upon request of the superintendent, also file with the superintendent a statement as to the method of operation of any other separate account.
N.Y. Comp. Codes R. & Regs. Tit. 11 §§ 50-2.12