The New York State Insurance Department will hold a public hearing on Aug. 6 in Buffalo 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.
WHERE:
Buffalo & Erie County Public Library
Mason O. Damon Auditorium
Lafayette Square
Buffalo N.Y.
WHEN: Thursday, Aug. 6. 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.
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