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Advocacy in action blog

2 min read

NAIFA Joins with Joint-Trades Coalition to Weigh in on Data Privacy Bill

By Mike Hedge on 3/1/23 5:07 PM

NAIFA joined in a letter of support to the House Financial Services Committee for efforts in introducing the Data Privacy Act of 2023. The Data Privacy Act would modernize the Gramm-Leach-Bliley Act (GLBA), a working data privacy framework for insurance consistent with consumer expectations.

Topics: Federal Advocacy Supported Legislation Data Security
2 min read

Georgia Strengthens Protections for Annuity Consumers

By NAIFA & ACLI on 2/28/23 3:35 PM

American Council of Life Insurers (ACLI) President and CEO Susan Neely and National Association of Insurance and Financial Advisors (NAIFA)-Georgia President Joe Schreck issued the following joint statement on the best interest annuity rule adopted recently by Georgia’s Insurance Department:

“A new rule adopted by Georgia’s Insurance Department and Commissioner John King strengthens protections for Peach State consumers seeking lifetime income from annuities.

Topics: Life Insurance & Annuities Legislation & Regulations Press Release Georgia Annuity Best Interest NAIC
2 min read

Illinois Enhances Protections for Annuity Consumers

By NAIFA & ACLI on 2/24/23 4:10 PM

A new rule adopted recently by the Illinois Department of Insurance provides greater safeguards for consumers seeking lifetime income from annuities. Illinois is the 32nd state to adopt a measure that implements the “best interest of consumer enhancements” in the National Association of Insurance Commissioners (NAIC)  Suitability in Annuity Transactions Model Regulation.  The new laws and regulations also align with the SEC’s Regulation Best Interest.

Topics: State Advocacy Press Release NAIC Model Regulation Annuity Best Interest
3 min read

No One Does State Advocacy Like NAIFA

By NAIFA on 2/24/23 3:23 PM

NAIFA is the only association for insurance and financial professionals with a strong political advocacy presence in Washington, D.C., and every state capital. Around the country, 32 NAIFA state chapters are holding Legislative Days during the first quarter of 2023.

Topics: State Advocacy Legislative Day
1 min read

Retirement Planning Options Offset the Need for a State-Run Plan in Washington State

By NAIFA on 2/16/23 5:14 PM

NAIFA Policy Director Maeghan Gale testified to Washington state lawmakers that ample private-sector options are available for employers who want to set up retirement plans for their workers or for employees who want to prepare for retirement on their own. Washington lawmakers are considering a feasibility study for a potential state-facilitated Auto-IRA program.

Topics: State-Facilitated Retirement Plans State Advocacy Washington
1 min read

The State of Advocacy Report Tells the Story of NAIFA's Political Influence

By NAIFA on 2/16/23 4:59 PM

NAIFA's "State of Advocacy" report details NAIFA's federal, state, and interstate advocacy efforts in 2022 in facts and figures. It also runs down the major policy issues impacting agents and advisors as well as the Main Street consumers they serve.

NAIFA's "State of Advocacy" provides a snapshot of how NAIFA and NAIFA members are making a difference and influencing the decisions that affect Americans' financial security. 

Topics: State Advocacy Interstate Advocacy Federal Advocacy
1 min read

NAIFA-CO Meets With Lawmakers in Denver to Advocate for Main Street USA

By NAIFA on 2/16/23 10:02 AM

NAIFA-CO leaders and members came together February 15 to meet with lawmakers on the chapter's annual Legislative Day. Members shared their insights with legislators and officials, including Securities Commissioner Tung Chan and Insurance Commissioner Michael Conway. Central among the topics discussed was HB23-1174, which would create guaranteed replacement cost coverage in homeowner's insurance, and its implications for Coloradoans.

Topics: Advocacy Legislation & Regulations State Advocacy Legislative Day
2 min read

NAIFA-VA Advocates for Their Businesses and Clients at Legislative Day in Richmond

By NAIFA on 2/15/23 11:08 AM

Members of NAIFA-VA gathered in Richmond in early February for the chapter's Legislative Day. Attendees met with state lawmakers to discuss the many ways insurance and financial professionals help Virginians achieve their financial goals. They also received debriefings from the NAIFA state lobbyist and fellow members.

1 min read

NAIFA Files Comments with Centers for Medicare and Medicaid Services

By Mike Hedge on 2/13/23 12:13 PM

A NAIFA comment letter to the Centers for Medicare & Medicaid Services (CMS) submitted comments suggesting changes to the CMS proposed rule titled ”2024 Notice of Benefits and Payment Parameters,” published in the Federal Register on December 21, 2022.  

This proposed rule includes proposed payment parameters and provisions related to the HHS-operated risk adjustment and risk adjustment data validation programs, as well as proposed 2024 user fee rates for issuers offering qualified health plans (QHPs) through Federally-facilitated Exchanges (FFEs) and State-based Exchanges on the Federal platform (SBE-FPs).

Topics: Medicaid Legislation & Regulations Medicare Press Release
2 min read

I Love NAIFA Month: Show Your Love for NAIFA Advocacy

By NAIFA on 2/12/23 9:15 AM

There are many reasons to love NAIFA’s advocacy work – how about protecting your business and clients from harmful legislative and regulatory proposals, for starters? And there are just as many ways to get involved and make a difference.

Topics: State Advocacy Federal Advocacy