Advocacy in action blog

NAIFA’s Advocacy Accelerator Couse for women and Hispanic members taught during NAIFA's recent Apex sales summit in Phoenix adds over 30 new Financial Security Advocates. NAIFA's integrated advocacy program that includes state, interstate, and federal advocacy is the largest and most comprehensive advocacy program in the industry. The critical element in NAIFA's 130+ year advocacy track record of success remains, and will always be, our members' participation—otherwise known as grassroots engagement. Several hundred members have participated in online and in-person training courses to gain skills and confidence in the advocacy process and earned the coveted Financial Security Advocate badge.

NAIFA CEO Kevin Mayeux is a contributing author of an article in the publication Real Clear Policy arguing in favor of federal legislation allowing remote online notarization (RON). NAIFA has been a strong proponent of RON and urged passage of the SECURE Notarization Act because it would set a national standard and be a great benefit to NAIFA members and their clients who routinely complete financial transactions that require notarized documents.

NAIFA-UT recently took advantage of the August Congressional recess to hold a very successful Legislative Day. More than 50 NAIFA members were in attendance along with Representatives Burgess Owens, Chris Stewart, and Blake Moore. Also attending was a staff member from Senator Mike Lee’s office. Representative John Curtis had a prior commitment but addressed the audience via video.

In May, the Centers for Medicare and Medicaid Services (CMS) issued a Final Rule which revises the Medicare Advantage (Part C) program and the Medicare Prescription Drug Benefit (Part D) program regulations to implement changes related to marketing and communications, past performance, Star Ratings, network adequacy, medical loss ratio reporting, special requirements during disasters or public emergencies, and pharmacy price concessions.

When Congress is in recess, like it is right now, NAIFA's grassroots advocacy actually picks up. NAIFA members across the country are meeting with their Representatives and Senators in their home districts this August.

NAIFA's yearlong grassroots strategy encourages multiple in-person connections with lawmakers, including at NAIFA's May Congressional Conference, in-person meetings during the August recess, a day on the Hill during NAIFA's fall/winter National Leadership Conference, and at community and fundraising events throughout the year.

NAIFA-MA is celebrating a major advocacy win after a very close call. During the last three days of the legislative session which concluded July 31, the General Court introduced H. 5123 which would have implemented a two-year pilot program to extend eligibility for premium assistance payments on point of service cost-sharing subsidies for certain health insurance applicants. In short, this legislation would have implemented a pilot single-payer health coverage program, thus having a catastrophic impact on employer-sponsored health plans.

John D. Richardson, RICP, LACP, loyal NAIFA member since 2003, was recently elected to serve on the Tennessee Republican Party State Executive Committee for Senate District 21.

Richardson's leadership and professional success have been noteworthy throughout his tenure as a NAIFA member. After graduating from the University of Tennessee-Knoxville with a B.A. in Political Science and a Minor in Spanish, he began his career as an advisor in 2005. Today he is a Financial Planner and Partner with Boundbrook Advisors (MassMutual), a firm he co-founded in Brentwood, TN. 

ACLI President and CEO Susan Neely and NAIFA-CO Political Action Committee Chair and Government Relations Committee member Brent Jones issued the following joint statement on the best interest annuity rule adopted recently by the Colorado Division of Insurance:

On July 28, the House Financial Services Committee voted to advance a bipartisan bill requiring the Securities and Exchange Commission to create a new form for registering index-linked annuities, which allows investors to save for retirement in a more streamlined process.

On July 27, the House of Representatives passed H.R.3962 the Securing and Enabling Commerce Using Remote and Electronic Notarization Act (the SECURE Notarization Act). The bill authorizes a notary public to notarize electronic records related to interstate commerce remotely, subject to specified procedures.