WitrynaThe Department of Financial Services has issued a final regulation, adopting a best interests standard for those licensed to sell life insurance and annuity products in New … Witryna14 sty 2024 · In 2024, the New York Department of Financial Services (DFS) announced an amendment to the “New York Insurance Regulation 187” that affects annuities and life insurance sales.
Suitability and Best Interests Training - Department of Financial …
Witryna13 maj 2024 · The course, NY Reg 187: Suitability and Best Interest of Clients in Life Insurance and Annuity Transactions, informs producers of their obligations under New York Regulation 187 to act in the best interest of clients when recommending annuities or life insurance transactions. It discusses the process of determining suitability, the … Witrynaunderstand the purpose, scope, and intent of the revised Regulation 187. understand how the state defines the term "best interest". identify the duties that producers and insurers have to ensure that a recommendation or a sales transaction—for both annuities and life insurance—meets the consumer's best interest and is suitable. aeroville cabaia
New York Regulation 187 Overview - lfg
Witryna10 maj 2024 · Revised NY Regulation 187 explains that a licensee acts in the "best interest" of the consumer when the recommendation is based on the consumer's … WitrynaStructured settlements under section 224.2(5) are exempt from this rule. It is your responsibility as a New York Licensed producer to comply with the requirements under New York Reg 187. New York Reg 187 Requirements. Training Requirements. You must take training on the Best Interest Rule and the applicable carrier specific product … king gnu カメレオン ドラマ