<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=319290&amp;fmt=gif">
Member Login
Newyork-interior-page-header
3 min read

New York Appellate Court Rules Regulation 187 Unconstitutional

By NAIFA on 4/29/21 2:40 PM

The New York Supreme Court, Appellate Division, has ruled that state Insurance Regulation 187, “Suitability and Best Interests in Life Insurance and Annuity Transactions,” is unconstitutional. A 2018 amendment to Regulation 187 imposed a complicated new standard of care on annuity recommendations and broadened the scope of the regulation to include life insurance as well as annuity products.

Topics: State Advocacy Standard of Care

Featured

blog ad-300x300