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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>UNITED STATES</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>SECURITIES AND EXCHANGE COMMISSION</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>WASHINGTON, D.C. 20549</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>FORM 8-K</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>CURRENT REPORT</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Date of Report (Date of earliest event reported) February 22, 2006</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;border-bottom:solid 0.75pt;padding-bottom:1;padding-top:0;'><font size=2>ReliaStar Life Insurance Company of New York</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Exact name of registrant as specified in its charter)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>New York</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(State of Incorporation)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:6pt;text-align:center;'><font size=2>333-114338</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:center;'><font size=2>(Commission File Number)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>#53-0242530</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(IRS Employer Identification Number)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>1000 Woodbury Road, Suite 208, Woodbury, NY  11797</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Address of principal executive offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Zip Code)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;border-bottom:solid 0.75pt;padding-bottom:1;padding-top:0;'><font size=2>Registrant's telephone number, including area code&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;516-682-8700</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2><font face=Wingdings>o</font> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2><font face=Wingdings>o</font> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2><font face=Wingdings>o</font> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="594" style='border-collapse:collapse'>
    <tr >
        <td width="37" nowrap valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin:0pt;margin-bottom:.0001pt'><font size=1>&nbsp;</font></p> </td>
        <td width="557" nowrap valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin:0pt;margin-bottom:.0001pt'><font size=2>(17 CFR 240.14d-2(b))</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2><font face=Wingdings>o</font> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act </font></p>


<table border="0" cellspacing=0 cellpadding=0 width="594" style='border-collapse:collapse'>
    <tr >
        <td width="37" nowrap valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin:0pt;margin-bottom:.0001pt'><font size=1>&nbsp;</font></p> </td>
        <td width="557" nowrap valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin:0pt;margin-bottom:.0001pt'><font size=2>(17 CFR 240.13e-4(c))</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2>THIS FILING IS MADE IN ACCORDANCE WITH ITEM NO. 1.01 OF SECTION 1 OF FORM 8-K:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="596" style='border-collapse:collapse'>
    <tr >
        <td width="109" nowrap valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin:0pt;margin-bottom:.0001pt'><b><font size=2>Item 1.01 </font></b></p> </td>
        <td width="487" nowrap valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin:0pt;margin-bottom:.0001pt'><b><font size=2>Entry into a Material Definitive Agreement.</font></b></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>On February 22, 2006, ReliaStar Life Insurance Company of New York (&#147;RLNY&#148;) entered into a new, one-year unsecured reciprocal loan agreement with ING America Insurance Holdings, Inc. (&#147;ING-AIH&#148;), a Delaware corporation and indirect parent of RLNY (the &#147;Agreement&#148;).  The Agreement replaced the reciprocal loan agreement dated February 22, 2005 between RLNY and ING-AIH that expired by its terms on February 21, 2006.  The purpose of the Agreement is to facilitate the financing of the short term cash requirements of each party to the agreement by permitting each party to extend financing to, and borrow from, the other party.  The Agreement provides that the maximum outstanding amount (including principal and accrued interest) that RLNY may borrow from ING-AIH or that ING-AIH may borrow from RLNY shall not exceed five percent (5%) of
 the admitted assets of RLNY as of December 31 of the applicable preceding year and as determined by New York Insurance Law Sections 107 (a)(3) and 1301.  Interest on any borrowing under the Agreement will be charged at a rate based on the lowest quoted effective interest rate of U.S. commercial paper available for purchase with a term equivalent to the term of borrowing under the Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>SIGNATURES</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>ReliaStar Life Insurance Company of New York</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Registrant)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
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        <td width="247" valign=top style='padding:0pt 5.4pt 0pt 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Date: February 22, 2006</font></p> </td>
        <td width="343" valign=top style='padding:0pt 5.4pt 0pt 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>/s/James A. Shuchart</font></u><u></u></p> </td> </tr>
    <tr >
        <td width="247" valign=top style='padding:0pt 5.4pt 0pt 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="343" valign=top style='padding:0pt 5.4pt 0pt 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>James A. Shuchart</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>


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{"company-data": {"conformed-name": "RELIASTAR LIFE INSURANCE CO OF NEW YORK", "cik": "0001163710", "assigned-sic": "6351", "irs-number": "530242530", "state-of-incorporation": "NY", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-75938", "film-number": "06636422"}, "business-address": {"street1": "1000 WOODBURY ROAD", "street2": "SUITE 208", "city": "WOODBURY", "state": "NY", "zip": "11797", "phone": "610-425-3400"}, "mail-address": {"street1": "1475 DUNWOODY DRIVE", "city": "WEST CHESTER", "state": "PA", "zip": "19380-1478"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 22, 2006
ReliaStar Life Insurance Company of New York
(Exact name of registrant as specified in its charter)
New York
(State of Incorporation)
333-114338
(Commission File Number)
#53-0242530
(IRS Employer Identification Number)
1000 Woodbury Road, Suite 208, Woodbury, NY  11797
(Address of principal executive offices)                 (Zip Code)
Registrant's telephone number, including area code      516-682-8700
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
THIS FILING IS MADE IN ACCORDANCE WITH ITEM NO. 1.01 OF SECTION 1 OF FORM 8-K:
Item 1.01
Entry into a Material Definitive Agreement.
On February 22, 2006, ReliaStar Life Insurance Company of New York ("RLNY") entered into a new, one-year unsecured reciprocal loan agreement with ING America Insurance Holdings, Inc. ("ING-AIH"), a Delaware corporation and indirect parent of RLNY (the "Agreement").  The Agreement replaced the reciprocal loan agreement dated February 22, 2005 between RLNY and ING-AIH that expired by its terms on February 21, 2006.  The purpose of the Agreement is to facilitate the financing of the short term cash requirements of each party to the agreement by permitting each party to extend financing to, and borrow from, the other party.  The Agreement provides that the maximum outstanding amount (including principal and accrued interest) that RLNY may borrow from ING-AIH or that ING-AIH may borrow from RLNY shall not exceed five percent (5%) of
 the admitted assets of RLNY as of December 31 of the applicable preceding year and as determined by New York Insurance Law Sections 107 (a)(3) and 1301.  Interest on any borrowing under the Agreement will be charged at a rate based on the lowest quoted effective interest rate of U.S. commercial paper available for purchase with a term equivalent to the term of borrowing under the Agreement.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ReliaStar Life Insurance Company of New York
(Registrant)
Date: February 22, 2006
/s/James A. Shuchart
James A. Shuchart