SULLIVAN FIN. GROUP v. WRYNN

3342-10.

30 Misc.3d 366 (2010)

910 N.Y.S.2d 889

SULLIVAN FINANCIAL GROUP, INC., et al., Petitioners, v. JAMES J. WRYNN, as Superintendent of Insurance, Respondent.

Supreme Court, Albany County.

Decided November 17, 2010.


Attorney(s) appearing for the Case

Chadbourne & Parke, LLP, New York City ( Richard G. Liskov of counsel), and Keidel, Weldon & Cunningham, LLP, White Plains ( James C. Keidel of counsel), for petitioners.

Andrew M. Cuomo , Attorney General, Albany ( Megan M. Brown of counsel), for respondent.


OPINION OF THE COURT

RICHARD M. PLATKIN, J.

Petitioners bring this CPLR article 78 proceeding seeking to annul Regulation 194 of the New York State Insurance Department. Regulation 194 requires licensed producers of insurance to disclose to prospective purchasers the incentive compensation that they will receive from insurers or third parties based in whole or in part on the sale of insurance. Petitioners maintain...

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