A licensed New York agent takes an application for an individual life insurance policy from a consumer in Albany. Under N.Y. Ins. Law §3209, when must the agent deliver the Buyer's Guide?

Why A is correct

Under N.Y. Ins. Law §3209, an applicant for an individual life insurance policy must be given a Buyer's Guide no later than the time the application is taken, and a policy summary must be delivered when the policy itself is delivered. Reg 74 (11 NYCRR Part 53) reinforces these solicitation requirements. Delivering the guide at the application stage gives the consumer time to compare costs and features before the policy is ever issued, which is the whole purpose of the document.

Why the other options are wrong

• B) The policy summary, not the Buyer's Guide, is the document tied to policy delivery; the Buyer's Guide must reach the applicant at the time the application is taken.
• C) Waiting until the free-look period opens would defeat the purpose of the Buyer's Guide, which exists to help the applicant evaluate the coverage before and at purchase, not after issuance.
• D) The Buyer's Guide may not be withheld pending a written request; its delivery at the application stage is a mandatory solicitation requirement under §3209.

Memory hook

Guide at application, summary at delivery - the guide always comes first.