New York lobbies for nationwide ‘best-interest’ standard for life insurance sales
Such a rule would mark a big shift in the way life insurance is currently regulated by the states.
New York State is lobbying for a higher standard of care for life insurance sales across the country, arguing that consumers need stronger protections from conflicted advice and building off a national dialogue set off by the Department of Labor fiduciary rule.
Maria T. Vullo, New York's superinten
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