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New York Department of Financial Services Biographical Affidavit Form

New York Department of Financial Services Biographical Affidavit Form

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number 73 matter of Independent Insurance Agents and Brokers of New York versus the New York State Department of Financial Services Council good morning your honors I may have pleased the court Sarah rosenbluth for repellent Department of Financial Services I'd like to reserve two minutes for rebuttal you have two minutes the best interest standard which has now been adopted in at least 28 other states is a common sense regulation that uses clear and commonly understood terms to regulate insurance agents and Brokers it is a rational exercise good morning good morning what what is the evil or the concern that the regulation is intended to address and how does the language match that goal yes your honor um it um the legislature has made the Judgment as evidence in a number of statutes that it is the policy of the legislature in the state of New York that the department shall supervise the um individuals engaged in the business of providing financial services and products and shal

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