New York Court of Appeals building in Albany. Photo: Ryland West/ALM NY's Highest Court Upholds Financial Services Rule Prioritizing Consumer Needs
Judge Madeline Singas wrote that the DFS hadn't crossed the line into impermissible legislative policymaking, nor was the amendment unconstitutionally vague.
October 24, 2022 at 03:55 PM
4 minute read
New York's highest court has upheld as constitutional a financial services rule that prioritizes the insurance needs and financial objectives of consumers when entering into annuity contracts.
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