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
Sales Idea: Help Clients Navigate Market Volatility in Retirement with Permanent Life InsuranceJune 2022
Wink Reports First Quarter Annuity, Life Insurance SalesJune 2022
Experiencing FOMO with AIPMA’s LinkedIn Newsletter? Subscribe Today!June 2022
Categories
Tags
Lincoln Financial Group Myga Term Life Insurance Fixed Annuity Charity Fixed Indexed Annuity Culture Securian Financial Nafa Integrity Marketing Group Holiday Long_Term_Care Aipma Taxes Nationwide Wink Final Expense Limra Equitrust Transamerica Regional Director Drop Ticket Women Carriers Myaip Working From Home Insurance Fraud Permanent Life Insurance Webinars Ira Tickit Bestow Life_Insurance Financial Planning Job Posting Retirement Planning Protective Disability_Insurance Aig Senior Health Shop Global Atlantic North American Legal And General Foresters Financial Annuity American Equity Open Enrollment Regulations Roth Ira Social Media Web Meetings Genworth Tax Season Secure Act Fidelity Guaranty Life Medicare_Supplements Coronavirus Covid 19 Tips Integrity Covid19Contact 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) 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. Copyright 2022