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NAIFA


Recent posts by NAIFA

3 min read

Highly Respected Advisors Named to NAIFA-New York Transition Team

By NAIFA on Oct 15, 2020 4:20:23 PM

Team of industry stalwarts in the state will lead NAIFA’s New York chapter until state members select a new Board to take office in January.

1 min read

NAIFA Legislative Event Includes Iowa Lawmakers

By NAIFA on Oct 15, 2020 11:37:02 AM

NAIFA’s North Central Iowa chapter recently hosted a legislative breakfast session that included a question and answer session with State Sen. Tim Kraayenbrink (R-Fort Dodge, District 5), state Rep. Ann Meyer (R-Fort Dodge, District 9); and Jack Friend (D-Ames, candidate for Iowa House District 48).

Topics: State Advocacy
1 min read

NCOIL Adopts Model Act on Short-Term Limited Duration Insurance

By NAIFA on Oct 6, 2020 4:39:55 PM

The National Association of Insurance and Financial Advisors (NAIFA) is pleased with NCOIL’s adoption of the Short Term Limited Duration Insurance Model Act sponsored by IN Representative Martin Carbaugh. NAIFA has long reasoned that STLDI plans can ensure that consumers are able to maintain critical and temporary health insurance coverage especially in instances where a consumer lost his or her individual market or group policy and needs sufficient time to obtain a more comprehensive insurance plan.  Also, in some health insurance markets where there are very few and cost prohibitive plans available for consumers, STDLI policies may offer consumers the only affordable, albeit temporary, option. 

Topics: Health Interstate Advocacy
2 min read

‘The Power of You. The Power of Us.’  NAIFA’s New Political Advocacy Campaign Stokes Individual and Group Action

By NAIFA on Oct 1, 2020 4:35:41 PM

Insurance and financial professionals provide a powerful advocacy voice at state and federal levels.

Topics: Advocacy State Advocacy Press Release
1 min read

NAIFA Opposes Bill that Could Weaken State Regulation of Insurance

By NAIFA on Oct 1, 2020 8:28:56 AM

On Sept 21, the U.S. House of Representatives passed H.R. 1418, the Competitive Health Insurance Reform Act of 2020. The bill repeals specific parts of the McCarran-Ferguson Act that exempt insurance businesses from most federal regulation.

Topics: Advocacy
1 min read

Sen. Grassley and Commissioner Ommen Speak at NAIFA-Iowa Conference

By NAIFA on Sep 24, 2020 4:47:51 PM

NAIFA-Iowa recently held a successful combined in-person/virtual state conference, Sept. 9-11 in Cedar Falls. The program highlighted each point of NAIFA’s membership promise – Advocate, Educate, Differentiate – but the focus turned squarely to advocacy during the Thursday keynote presentation by state Insurance Commissioner Doug Ommen and the Friday Newell C. Day Awards Breakfast keynote address by Sen. Chuck Grassley.

Topics: Advocacy State Advocacy
2 min read

NJ Joins List of States Offering Remote Licensing Exams for Insurance Producers

By NAIFA on Sep 21, 2020 2:20:16 PM

The New Jersey Department of Banking and Insurance announced on September 11 that individuals who want to take the insurance producer examination may do so remotely, even after the public health crisis ends.

Topics: State Advocacy
1 min read

Financial Transaction Tax Introduced in New Jersey

By NAIFA on Sep 21, 2020 11:55:35 AM

The insurance industry in New Jersey faced a scare in mid-September when Senate President Steve Sweeney introduced S-2902, which would impose a tax on high-quantity processors of financial transactions at $0.0025 per transaction. The bill defines "high-quantity" as processors of 10,000 or more financial transactions through electronic infrastructure located in New Jersey during the year. There was speculation the funding mechanism would be attached to the state budget. Fortunately, the state budget was approved, and the transaction tax was not included.

Topics: Tax State Advocacy
1 min read

NAIFA-CA Helps Alleviate Industry Concerns with HIV Modernization Bill

By NAIFA on Sep 4, 2020 12:05:00 PM

The California State Legislature recently passed a bill to prohibit life and disability income insurance providers from denying coverage to HIV-positive individuals. The bill, initially introduced as SB 961 by Sen. Lena Gonzales (D), was initially concerning to NAIFA. Together with the Association of California Life & Health Insurance Companies (ACLHICI) and the American Council of Life Insurers (ACLI), NAIFA worked with Gonzales to amend the bill to give insurers more underwriting flexibility, while still prohibiting them from declining applicants based solely upon an HIV test.

Topics: Life Insurance Disability Income Insurance State Advocacy
1 min read

Industry Groups Testify at Hearing on DOL Proposal

By NAIFA on Sep 3, 2020 6:11:36 PM

Bradford Campbell, a partner with the law firm Faegre, Drinker, Biddle & Reath, testified today on behalf of NAIFA and several other industry organizations at the U.S. Department of Labor’s Administrative Hearing on the Proposed Class Exemption Regulation “Improving Investment Advice for Workers & Retirees.”

Topics: Advocacy Legislative & Regulatory Standard of Care

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