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New York Court Overturns Regulation 187
InsuranceNewsNet.comLink to more items from this source
Apr. 30, 2021

"Regulation 187, often described as similar to a fiduciary standard, took effect in 2019 as state officials bypassed a National Association of Insurance Commissioners' effort to create a model standard for annuity sales.... [The April 29] court ruling determined that the bar is too high." [Indep. Ins. Agents and Brokers of New York v. New York State Dept. of Financial Serv., No. 530047 (N.Y. App. Div. 3d Dep't Apr. 29, 2021)]

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