State of New York Regulation 187 started February 1st 2020
State of New York Regulation 187 regulates recommendations made by an insurance professional (Producer) in the sale of an annuity or life insurance policy or when performing certain transactions for an already in-force annuity and/or life policy.
Regulation 187 codifies and requires a Producer to act in the best interest of the consumer when making a recommendation concerning a life and/or annuity policy. Details of Regulation 187 can be found online by searching for New York Regulation 187.
Here's a few articles that may assist you:
- NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES FIRST AMENDMENT TO 11 NYCRR 224 (INSURANCE REGULATION 187)
- Checklist Shows Impact of N.Y. Best Interest Rules (Think Advisor)
- RESOURCE CENTER – REGULATION 187 (NAIFA-NYS)
If you have any questions about how Regulation 187, please contact your life and/or annuity insurance professional.
Disclaimer: While this release is provided by AIP Marketing Alliance’s Business Development team, which can be reached at (800) 783-5206 or marketing@aipma.com, the information and opinions expressed above are provided to us by third parties. These sources are believed to be reliable, but accuracy and completeness cannot be guaranteed accurate by any provider of the information. Information is provided to you for informational purposes only and is not, and should not, be considered a solicitation to buy or sell any products mentioned nor take action concerning any existing policy. The information should not be used as the sole basis for any financial decisions, nor should it be construed as advice applicable to your specific financial situation.
Latest Posts
A Growing Topic – Life Insurance for Marijuana, Tobacco UsersApril 2024 Employees put the Integrity “I” in AIPMA During Team Pinning CeremonyApril 2024 Giving Back to Your Local Community in AprilApril 2024Categories
Tags
Job Posting Carriers Retirement Planning Life_Insurance Nafa Tax Season Myga Tips Long_Term_Care Transamerica Wink Fidelity Guaranty Life Corebridge Financial Insurance Fraud American Equity Drop Ticket Social Media Aipma Securian Financial Roth Ira North American Protective Fixed Annuity Holiday Regional Director Nationwide Indexed Universal Life Term Life Insurance Ira Regulations Women Ringcentral Lincoln Financial Group Mental Health Financial Planning Permanent Life Insurance Culture Final Expense Medicare_Supplements Web Meetings Limra Charity Webinars Integrity Iul Legal And General Myaip Global Atlantic Annuity Equitrust Fixed Indexed Annuity Leads Disability_Insurance Open Enrollment Secure Act Foresters Financial TaxesContact Us
800.783.5206
2041 E. Square Lake Road, Suite 100, Troy, Michigan 48085-3897
About Us
For more than 40 years, AIP Marketing Alliance (AIPMA), an Integrity Company, serves as a premier life insurance and annuity distribution partner to provide full-service support to independent wholesalers, brokerages and agents from our Troy, Michigan office. NOT AFFILIATED WITH OR ENDORSED BY THE GOVERNMENT OR THE MEDICARE PROGRAM. Copyright 2024