New York to require full Life Settlement Commission Disclosure

February 15, 2010 by Administrator
David Paterson

David Paterson

The New York insurance department will require agents and brokers to disclosure how much commission is being paid and by whom, if New Yorkers contemplating an insurance policy request the information, according to a statement released by the department.

The regulation will be published in the February 10, 2010 issue of the State Register, and its requirements will take effect as of January 1, 2011.

More details will be posted on:
Life Settlement License
New York Life Settlement

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