New York DFS Appeals State Court Ruling Tossing Out Regulation 187
June 14, 2021 by John Hilton
The New York Department of Financial Services has appealed an April 29 decision by a state court tossing out Regulation 187, the state’s tough rules governing the sales of life insurance and annuities.
The appeal was expected and confirmed by a source with the DFS. The appeal goes to the New York Court of Appeals, which is the state’s highest court.
At issue is whether the DFS has the authority to make the sales rules.
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Originally Posted at InsuranceNewsNet on June 10, 2021 by John Hilton.
Categories: Industry Articles