New York Delivers ‘Worst Fears’ With Tough Reg For Life Insurance

July 23, 2018 by John Hilton

Industry officials delivered plenty of feedback to get New York to scale back its best interest rule for annuity and life insurance sales. That effort was answered this week when the final regulation was published largely unchanged.

…………………………………………………….

New York’s best-interest regulation is considered one of the toughest in the country, one that New York officials are lobbying the National Association of Insurance Commissioners to endorse.

Click HERE to read the full story via INN; subscription required. 

Originally Posted at InsuranceNewsNet on July 19, 2018 by John Hilton.