To:       All Agents
Re:      New York Emergency Annuity Suitability Regulation

As a reminder, New York has re-adopted Regulation 187 (11 NYCRR 224), which provides suitability standards for Agents who recommend the purchase or replacement of an annuity contract, so that the insurance needs and financial objectives of consumers at the time of the transaction are appropriately addressed. 

This regulation affects Agents currently selling First United American’s Flexible Premium Deferred Annuity (NYFPDA02).  Go to: http://www.dfs.ny.gov/insurance/r_emergy/re187t.pdf  to view the complete details of this regulation.

Affected Agents must review the FUA2086 annuity training document at www.firstunitedamerican.com/office, ‘Downloads,’ ‘Annuities,’ ‘Annuity Product and Annuity Suitability Training.’
                                                                                           
Please contact our Office at 800-443-5149 with any questions.