On April 19, U.S. Senators Kevin Cramer (R-ND) and Mark Warner (D-VA) reintroduced the NAIFA-supported Securing and Enabling Commerce Using Remote and Electronic Notarization Act. This bipartisan bill would permit the nationwide use of Remote Online Notarizations (RONs), enabling notaries and signers to complete the process from different physical locations.
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SECURE Notarization Bill Introduced in Senate Would Benefit Consumers and Advisors
By Mike Hedge on 4/21/23 9:15 AM
Topics: Federal Advocacy Supported Legislation Remote Notarization
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NAIFA-NC Adds 10 New IFAPAC Contributors
By NAIFA on 4/21/23 8:58 AM
Last month, NAIFA-NC signed up 10 new contributors to NAIFA's political action committee, IFAPAC, in one day. Congratulations to these individuals who joined the ranks of NAIFA members working together to advocate for the individuals, families, and small businesses that make up Main Street USA, and a special thank you to NAIFA-NC IFAPAC Chair Elie Aharon, LACP, LUTCF.
Topics: Advocacy IFAPAC
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New Law Enhances Protections for Washington State Annuity Consumers
By NAIFA & ACLI on 4/14/23 5:07 PM
American Council of Life Insurers (ACLI) President and CEO Susan Neely and NAIFA-Washington President Karl Kuntz issued the following joint statement on legislation signed into law in Washington that strengthens protections for annuity consumers:
“The new law sponsored by Representative Kristine Reeves, approved by the legislature, and signed by Governor Jay Inslee strengthens protections for consumers in Washington state seeking lifetime income through annuities.
Topics: Life Insurance & Annuities State Advocacy Interstate Advocacy Press Release NAIC Model Regulation Annuity Best Interest Washington
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NAIFA Supports New Congressional Caucus to Promote Financial Security
By NAIFA on 4/14/23 4:18 PM
NAIFA applauds the leadership of Representatives Young Kim (R-CA) and Joyce Beatty (D-OH) on the relaunch of the Congressional Financial Literacy and Wealth Creation Caucus for the 118th Congress. The Congresswomen are an excellent duo to co-chair this bipartisan group of legislators committed to empowering Americans with the tools needed to build wealth and achieve financial stability.
Topics: Financial Literacy Financial Security Federal Advocacy Congress Congressional Conference
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West Virginia Adds Financial Literacy to High School Graduation Coursework Requirements
By Bianca Alonso Weiss on 3/31/23 2:49 PM
The NAIFA state legislative wins continue! This time it’s NAIFA-West Virginia that is celebrating being the 19th state to adopt financial literacy coursework as a requirement for high school graduation. HB 3113 was signed into law by Governor Jim Justice on March 23, 2023. NAIFA-West Virginia worked closely with the West Virginia Education Association to advocate for the bill in both chambers.
Topics: State Advocacy Financial Literacy Promoting Financial Security West Virginia
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Tennessee Adopts Legislation to Expand Producer Recruitment
By Bianca Alonso Weiss on 3/28/23 8:27 AM
Tennessee Governor Bill Lee signed SB 1369 into law on March 21, 2023, making Tennessee the 24th state to eliminate producer pre-licensing mandates. NAIFA-Tennessee applauds and thanks bill sponsors Senator Steve Southerland and Senator Ken Yager for carrying the legislation. NAIFA-Tennessee worked hard on the ground to educate lawmakers on the positive change this will be for increasing producer recruitment.
Topics: State Advocacy Licensing Supported Legislation Tennessee
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Idaho Adopts High School Financial Literacy Education Requirement
By NAIFA on 3/23/23 2:27 PM
NAIFA is celebrating a major legislative win out of Idaho. On March 20, 2023, Idaho Governor Brad Little signed H. 92 into law, making Idaho the 18th state to adopt financial literacy coursework as a requirement for high school graduation. The bill passed the Idaho House of Representatives 67-0-3 and the Idaho Senate 34-0-1.
Topics: State Advocacy Financial Literacy Idaho Supported Legislation
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NAIFA-TN Blocks Bill That Would Have Required Agents to Share Clients' Personal Information
By NAIFA on 3/22/23 4:57 PM
Tennessee House Bill 1173 would have permitted funeral directors in some cases to obtain life insurance information – including the names of beneficiaries and policy benefits amounts – from insurance companies or agents. However, thanks to quick action by NAIFA-TN's grassroots and advocacy team, the House Insurance Subcommittee defeated the bill.
Topics: Life Insurance & Annuities State Advocacy Opposed Legislation Tennessee
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NAIFA-CA Urges Lawmakers to Amend Bill That Would Harm Life Insurance Producers and Consumers
By NAIFA on 3/17/23 4:51 PM
NAIFA's California chapter is holding its annual Legislative Day in Sacramento on March 29. The event will feature visits with lawmakers by NAIFA-CA members, during which they will discuss SB 263, a legislative proposal that in its current form would harm the ability of insurance agents and brokers to serve the public.
Topics: Life Insurance & Annuities Legislation & Regulations State Advocacy Standard of Care & Consumer Protection Press Release California Legislative Day
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NAIFA Urges the Biden Administration to Fully Enact the NARAB Law on Interstate Insurance Licensing
By NAIFA on 3/16/23 12:19 PM
Congress, with strong bipartisan support, passed the National Association of Registered Agents and Brokers Reform Act more than eight years ago. The law would significantly streamline the process for insurance agents and brokers to be licensed in more than one state. This would obviously benefit producers by reducing red tape and regulatory costs, but it would also be a boon to consumers by promoting choice and fostering economic growth.