New York's revised Regulation 187 has significantly changed the standards by which life insurance producers must conduct their business practices. Will you be prepared to meet these new requirements, including the "best interest of the consumer" standard that applies to all life insurance and annuity sales? This course provides a thorough explanation of New York's revised requirements, highlighting the many new responsibilities and obligations that apply to producers.

On April 29, 2021, the Appellate Division of the New York Supreme Court declared the state’s Regulation 187, as it was amended to include a best interest standard for the sale of annuities and life insurance, unconstitutional.   At this time, this course remains approved for insurance CE credit and WebCE will continue to monitor the situation.

Students who successfully complete this course will be able to:

• understand the purpose, scope, and intent of the revised Regulation 187
• understand how the state defines the term "best interest"
• identify the duties that producers and insurers have to ensure that a recommendation or a sales transaction—for both annuities and life insurance—meets the consumer's best interest and is suitable

Licensed New York life insurance and annuity producers