New York State
James J. Wrynn Superintendent of Insurance 25 Beaver Street New York, N.Y. 10004
|ISSUED 9/14/2009||FOR IMMEDIATE RELEASE|
The New York State Insurance Department will hold a public hearing on September 16 in Manhattan 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.
Adam Clayton Powell Jr. State Office Building
163 West 125th Street (at 7th Avenue)
New York City, NY 10027
WHEN: Wednesday, September 16. 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.
Ron Klug or Andrew Mais 212-480-5262