L&HNew Yorkmedium
To recommend annuity products in New York under Reg 187, a producer must complete annuity training. What is the Reg 187 training requirement currently imposed on producers?
A2 hours of NAIC annuity training, no NY-specific component required
B15 hours of annuity training every 2 years
CNo training requirement; only completion of the producer's general life license suffices
4 hours of one-time training plus 1 hour of New York-specific training
Why this is the answer
Under 11 NYCRR § 224.6 and DFS-published guidance, producers selling annuity products in New York must complete a one-time 4-hour general annuity training course (often satisfying the underlying NAIC Suitability in Annuity Transactions training) and an additional 1-hour New York-specific course covering Reg 187's best-interest standard, suitability information requirements, and senior protections. Without both, the producer cannot solicit annuity sales in New York. Per 11 NYCRR § 224.6(a) and DFS Circular Letter implementing Reg 187 training.
Studying for the New York Life & Health exam?
This question comes from our L&H bank. Take a free practice test — no signup.