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Department of Financial Services Annuities

Cozen O'Connor

NY DFS’s Regulation 187 – Consumers’ Best Interests

Cozen O'Connor on

On February 1, 2020, the New York Department of Financial Services’ Regulation 187 will go into effect for life insurance products. Although Regulation 187 went into effect with regard to annuity products on August 1, 2019,...more

Carlton Fields

Florida Modifies Its Annuity Suitability Rule

Carlton Fields on

On October 1, the Florida Department of Financial Services (DFS) amended Florida Administrative Code Rule 69B-162.011, "Suitability and Disclosures in Annuity Contracts – Forms Required" (the Suitability Rule). This amendment...more

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