Patrick Gennardo Rachel Naor
December 02, 2019 | New York Law Journal
New York's Regulation 187 Imposed New Duties on InsurersOn Aug. 1, 2019, New York's first amendment to Regulation 187 went into effect. Insurers and producers must comply with the regulation immediately for any annuity-contract transaction and by Feb. 1, 2020, for any life-insurance-policy transaction. This article addresses the most significant aspects of the final adopted regulation and its impact on insurers and producers.
By Patrick Gennardo, Rachel Naor and Jonathan Kim
6 minute read
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