Regulatory

New York’s New “Best Interest” Regulation 187 Applies to Annuity Transactions on August 1—Are Producers Ready? Here’s What You Need to Know.

Topics: Best interest, Regulatory

July 17, 2019 WRN 19.07.17 Whether producers are ready or not, New York’s new “Best Interest” rule Regulation 187 (“the Rule”) will first apply next month, August 1st, for annuity transactions, and on February 1, 2020 for life insurance transactions. As we summarized in our previous Issue Alert, the Rule makes important changes that require…