New York State
Kermitt J. Brooks Acting Superintendent of Insurance 25 Beaver Street New York, N.Y. 10004
|ISSUED 8/10/2009||FOR IMMEDIATE RELEASE|
The New York State Insurance Department will hold a public hearing on August 13 in Albany on practices related to the sale of increasingly complex life insurance and annuity products, particularly to seniors. The hearing will focus on suitability – whether a particular product is the right one for an individual consumer based on the consumer’s financial status, investment objectives, tax implications and other relevant information – of life insurance and annuity sales in New York State. At the hearing, the Department will try to find out if there is a problem concerning unsuitable sales of life insurance and annuities in New York, and if so, what should be done about it.
Albany Convention Center
Meeting Room 6
Empire State Plaza
WHEN: Thursday, August 13. The hearing will begin at 10 a.m. and continue until 5 p.m. or until testimony is complete, whichever comes first.
WEBCAST: The hearing will be webcast live at www.totalwebcasting.com/live/nysins.
Andrew Mais 212-480-5262, 917-749-3408
Ron Klug 212-480-5262