Prudential Announces No More ECG’s and EKG’s for coverage face amounts below $10MMDecember 18, 2017
Important Update on Protective’s Advantage Choice UL in the state of CaliforniaJanuary 12, 2019
Clarification on the
NY Illustration/Quotation Regulation
Principal’s NY Term approval & new Life illustration regulations
Only the details in red apply to Term.
Effective Monday, April 9, 2018, the state of New York requires that an illustration, illustration disclosure or quotation must accompany the application and be signed accordingly. A fully completed, newly signed application must be submitted to the home office if the illustration, illustration disclosure or quotation requirement is not met.
April 9 New York requirements
- All new illustrated (Term is not an illustrated product) products will require a signed illustration or signed illustration disclosure on or before the application signed date.
- All new (non Term) quotation products will require a signed quotation on or before the application signed date.
- All new Term products will require a submitted Term quotation with a run date on or before the application signed date.
- All new Term applications will require the acknowledgement (checkbox being marked) as to providing preliminary information to the client on the Producer Report.