RESOURCE CENTER – REGULATION 187
The Department of Financial Services (DFS) has proposed amendments to Reg. 187 that would impose a “best interest” suitability standard on all transactions related to life insurance and annuities. NAIFA-NYS has weighed in through in-person meetings with DFS regulators and via extensive official comments, as well as partnered with other associations to express concerns and recommend alternatives. Below are up-to-date resources to keep you informed.
⇒ ALERT: DFS Releases FINAL “Best Interest” Requirements
BACKGROUND MATERIALS –
Related NAIC Initiative: