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The New York State Department of Financial Service (NY DFS) released the final version of best-interest Regulation 187. Regulation 187 requires producers and insurers to implement a process that ensures they are acting in the consumer’s best interest when recommending life insurance policies issued in New York. This regulation is effective as of Feb. 1st, 2020. The following reference guide is intended to help producer walk through the requirements of this regulation.

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February 20, 2020

NY DFS Regulation 187 Reference Guide

The New York State Department of Financial Service (NY DFS) released the final version of best-interest Regulation 187. Regulation 187 requires producers and insurers to implement a process that ensures they are acting in the consumer’s best interest when recommending life insurance policies issued in New York. This regulation is effective as of Feb. 1st, 2020. The following reference guide is intended to help producer walk through the requirements of this regulation.
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