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MTR OF INDEPENDENT v. STATE

No. 73.

39 N.Y.3d 56 (2022)

200 N.E.3d 537

2022 NY Slip Op 05917

In the Matter of INDEPENDENT INSURANCE AGENTS AND BROKERS OF NEW YORK, INC., et al., Respondents, et al., Petitioners, v. NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES et al., Appellants.

Court of Appeals of New York.

Decided October 20, 2022.

Attorney(s) appearing for the Case

Letitia James , Attorney General, Albany ( Sarah L. Rosenbluth , Barbara D. Underwood and Jeffrey W. Lang of counsel), for appellants.

Keidel, Weldon & Cunningham, LLP, White Plains ( Howard S. Kronberg , James C. Keidel , Robert J. Grande and Justin R. Waytowich of counsel), for respondents.

OPINION OF THE COURT

Petitioners challenge the validity of the recently amended Insurance Regulation 187 (11 NYCRR part 224), which provides protections to consumers engaging in life insurance and annuity transactions. Because the Department...

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