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.
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Quick Action Leads to NAIFA-MA Advocacy Win
Topics: Health Care State Advocacy Massachusetts
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NAIFA-TN's John D. Richardson Elected to State Executive Committee
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.
Topics: State Advocacy Member Spotlight Tennessee
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Colorado Adopts Stronger Protections for Annuity Consumers
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:
Topics: State Advocacy Standard of Care & Consumer Protection Colorado Annuity Best Interest
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House Committee Passes Bill Revising Process for Registering Index-Linked Annuities
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.
Topics: Life Insurance & Annuities Federal Advocacy Congress
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House Passes Remote Notarization Legislation
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.
Topics: Federal Advocacy Congress Supported Legislation Remote Notarization Producer Sales & Marketing
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NAIFA Works to Lessen the Impact of CMS Final Rule
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.
Topics: Health Care Medicare Federal Advocacy CMS Producer Sales & Marketing
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Advocacy Rewind: Spotlight on NAIFA-Nebraska
On March 1, 2022, NAIFA-Nebraska hosted their successful Legislative Day event in Lincoln. NAIFA-NE members in attendance received briefings from:
Topics: State Advocacy Grassroots Nebraska
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NAIFA Favors Federal Privacy Protections But Urges Changes to Draft Proposal
NAIFA and other trade associations have sent a letter to influential members of the House Energy and Commerce Committee expressing concerns with the discussion draft of the American Data Privacy and Protection Act, which is a national uniform privacy law proposal.
NAIFA supports federal laws and regulations protecting the confidentiality of personal information and believes policy at the federal level will help avoid problems a variety of confusing and potentially contradictory state laws would cause. NAIFA members provide financial products, services, and advice to Main Street American families and businesses. Their clients entrust them with sensitive personal information, so it is among the highest priorities for our industry that we keep that information secure.
Topics: Federal Advocacy Congress
Get Out the Vote Resources Now Available
Whether you're new to political advocacy or a grassroots leader, NAIFA's Get Out the Vote is a great resource for everything you need to know about NAIFA's political advocacy. Find information on polling dates and locations, ballot measures, and your elected officials. Brush up on Government 101 or find the text of individual bills—this site has useful information for everyone.
Topics: State Advocacy Federal Advocacy Grassroots
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SECURE Notarization Amendment Offered for NDAA
The NAIFA-supported SECURE Notarization Act was filed with Rules as an amendment (AMDT #543) to the National Defense Authorization Act (NDAA) on July 8 by Rep. Madeleine Dean (D-PA), Rep. Kelly Armstrong (R-ND), Rep. Ed Perlmutter (D-CO), Rep. Guy Reschenthaler (R-PA), and Rep. Veronica Escobar (D-TX).
NAIFA joined with industry partners in a letter to express strong support for NDAA amendment #543. The text of the amendment is taken from H.R. 3962, the SECURE Notarization Act, which has the strong, bipartisan support of 113 cosponsors.
