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Life Insurance Amended Regulation

Saul Ewing LLP

New York Amends Regulation 187 (now called "Suitability and Best Interests in Life Insurance and Annuity Transactions")

Saul Ewing LLP on

Effective August 1, 2019, the New York Department of Financial Services has amended and renamed New York Insurance Regulation 187, which will now be called “Suitability and Best Interests in Life Insurance and Annuity...more

Carlton Fields

Changes To New York Insurance Regulation 187: Are They April Showers Bringing May Flowers, Or Are June Bugs On The Way?

Carlton Fields on

On April 27, New York's Department of Financial Services (NY DFS) issued its updated proposed First Amendment (Updated First Amendment) to New York's Suitability in Annuity Transactions, 11 NYCR 224 (the Annuity Suitability...more

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