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Advocacy in action blog

1 min read

NAIFA Advises NLRB on Proposed Joint-Employer Rule

By Michael Hedge, NAIFA's Director of Government Relations on 12/7/22 1:45 PM

On December 5, 2022, NAIFA filed comments on the National Labor Relations Board’s (NLRB) proposed rule that would expand the joint-employer definition under the National Labor Relations Act. The rule would extend liability to employers that have indirect and reserved control over one or more employees’ essential terms and conditions of employment.

Topics: Advocacy Legislation & Regulations Federal Advocacy Opposed Legislation
2 min read

NAIFA Financial Professionals Meet With Members of Congress

By NAIFA on 11/15/22 2:15 PM

NAIFA members, in Washington, D.C., for NAIFA’s National Leadership Conference, went to Capitol Hill to participate in more than 150 in-person meetings with members of Congress and their staff.

Topics: Retirement Legislation & Regulations Press Release Federal Advocacy
3 min read

NAIFA-NY Members Meet With DFS Officials to Address Challenges Serving Clients in the State

By NAIFA on 10/20/22 2:06 PM

Members of NAIFA’s New York chapter (NAIFA-NY) held a virtual meeting with officials from the state Department of Financial Services (DFS). State President Gary Cappon, CLU, LUTCF, RICP, FSCP, CLTC, provided introductions and a brief rundown of NAIFA’s advocacy work and support for the agent and advisor community and the consumers they serve. He also discussed challenges with financial product availability in the state. President-Elect Vinny Dallo, ChFC, CLU, CLTC, LUTCF, and Vice President of Advocacy Paul Sciacca presented “A Day in the Life of a Financial Professional,” highlighting how NAIFA members serve families and businesses in the state.

Topics: Legislation & Regulations State Advocacy Press Release
1 min read

NAIFA Evaluating Proposed DOL Rule for Independent Contractors

By Michael Hedge, NAIFA's Director of Government Relations on 10/11/22 5:12 PM

On Tuesday, October 11, 2022, the Department of Labor (DOL) released a proposed rule that would replace the existing 2021 test under the Fair Labor Standards Act used to determine worker classification as either an independent contractor or an employee.

Topics: Legislation & Regulations
1 min read

Take Action: New Rule Would Place Burdens on Medicare Advisors

By NAIFA on 9/22/22 10:17 AM

A NAIFA Action Alert asks agents and advisors to contact their members of Congress and express concerns over a new Medicare marketing rule and request that lawmakers ask the Department of Health and Human Services for a delay of six to twelve months, during which the Centers for Medicare & Medicaid Services can work with stakeholders to improve the rule.

Topics: Legislation & Regulations Medicare
1 min read

Three More States Enact Consumer-Protection Rules Based on the NAIC’s Annuity Transactions Model

By NAIFA on 6/29/21 2:52 PM

Alabama, Maine, and Virginia have joined 12 other states in adopting consumer-protection regulations or legislation based on the National Association of Insurance Commissioners’ (NAIC’s) Suitability in Annuity Transactions Model. The NAIC model requires financial professionals to work in the best interests of their clients during annuities transactions and aligns with the federal Securities and Exchange Commission’s Regulation Best Interest. It also preserves the ability of consumers to work with agents and advisors offering a variety of successful business models and avoids restrictions that would likely make it impossible for financial professionals to work with Main Street investors and retirement savers.

Topics: Annuities Legislation & Regulations State Advocacy Standard of Care & Consumer Protection Interstate Advocacy Alabama Annuity Best Interest Maine Virginia
1 min read

NAIFA Supports Federal Legislation on Remote Online Notarization

By Mike Hedge on 5/13/21 4:15 PM

NAIFA joined with coalition partners to submit a letter to U.S. Senate co-sponsors of the Securing and Enabling Commerce Using Remote and Electronic Notarization Act (SECURE Notarization Act), signaling support for the legislative initiative moving forward. The Act increases access to remote transactions for consumers.

Topics: Legislation & Regulations Federal Advocacy Congress Supported Legislation Remote Notarization Producer Sales & Marketing
3 min read

New York Appellate Court Rules Regulation 187 Unconstitutional

By NAIFA on 4/29/21 2:41 PM

The New York Supreme Court, Appellate Division, has ruled that state Insurance Regulation 187, “Suitability and Best Interests in Life Insurance and Annuity Transactions,” is unconstitutional. A 2018 amendment to Regulation 187 imposed a complicated new standard of care on annuity recommendations and broadened the scope of the regulation to include life insurance as well as annuity products.

Topics: Legislation & Regulations State Advocacy Standard of Care & Consumer Protection New York Reg187
1 min read

NAIFA-FL Holds a Virtual Legislative Day

By NAIFA on 2/24/21 9:33 AM

NAIFA-Florida’s Virtual Legislative Day on the Hill was February 23. Approximately 80 participants joined the event and received legislative and regulatory updates as well as advocacy training from NAIFA-FL President Craig Duncan and state lobbyist Tim Meenan of Meenan P.A. Other speakers included Florida Insurance Commissioner David Altmaier.

Topics: Legislation & Regulations State Advocacy Grassroots Florida
1 min read

NAIFA Encouraging IRS to Permanently Adopt Remote Notarization

By NAIFA Government Relations Team on 10/5/20 6:00 PM

Topics: Retirement Planning Legislation & Regulations Federal Advocacy Insurance & Financial Advisor Regulation Remote Notarization