New York issues final best-interest regulation for annuity, life insurance sales

July 23, 2018 by Mark Schoeff Jr.

New York issued a final regulation Wednesday that would raise the standard of care for sales of life insurance and annuities.

The measure would require insurers to establish policies and procedures that ensure agents and brokers put the interests of consumers ahead of their own when making a recommendation.

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Originally Posted at InvestmentNews on July 18, 2018 by Mark Schoeff Jr..