Producer Compensation Disclosure Reg 194
Big I NY's Compliance Forms (Approved by DFS):
Our Advocacy Efforts
Big I NY led an industry effort throughout 2009 to convince the department to drop Regulation 194 or minimize its burdens on producers.
After the department adopted the rule in early 2010, Big I NY and CIBGNY took legal action to block implementation. A trial court upheld the regulation as well as a subsequent appeal.
Though our opinion of the regulation remained unchanged, Big I NY chose to abide by the court's decision and focus our efforts on assisting members as they try to comply with the regulation.
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