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Action requiredNew York State Department of Financial ServicesNYJul 12, 2026

New York DFS adopted 3rd Amendment to Insurance Regulation 50

On July 8, 2026, DFS posted final adoption of the 3rd Amendment to 11 NYCRR 12, Insurance Regulation 50. The amendment concerns agent training allowance subsidies for certain life insurance and annuity business.

On July 8, 2026, DFS posted final adoption of the 3rd Amendment to 11 NYCRR 12, Insurance Regulation 50. The amendment concerns agent training allowance subsidies for certain life insurance and annuity business.

What changed

DFS finalized an amendment to Insurance Regulation 50 governing agent training allowance subsidies in specified life and annuity business lines.

Compliance perspective

This is an insurance item rather than a banking, mortgage, lending, or MSB licensing development. It should be monitored by firms with New York insurance distribution operations.

Key date

Effective date: July 8, 2026.

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