On March 1, 2022, NAIFA-Nebraska hosted their successful Legislative Day event in Lincoln. NAIFA-NE members in attendance received briefings from:
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Advocacy Rewind: Spotlight on NAIFA-Nebraska
Topics: State Advocacy Grassroots Nebraska
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Nebraska Law Enhances Protections for Annuity Consumers
Legislation signed into law today by Nebraska Governor Pete Ricketts provides citizens throughout the Cornhusker state with enhanced consumer protections when buying annuities. Strongly supported by Nebraska Director of Insurance Bruce Ramge and championed in the Nebraska Legislature by State Senator Matt Williams, the new law closely tracks the ‘best interest of consumer enhancements’ in the National Association of Insurance Commissioners (NAIC) Suitability in Annuity Transactions Model Regulation. It also aligns with the SEC’s Regulation Best Interest.
Topics: State Advocacy Standard of Care & Consumer Protection Grassroots Annuity Best Interest Insurance & Financial Advisor Regulation Nebraska
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NAIFA-Nebraska Supports Legislation to Boost Consumer Protections on Annuities
As the Nebraska Legislature considers LB 22, legislation that would establish an enhanced standard of care for financial professionals offering annuity products, NAIFA-NE Past-President Dave Skutnik submitted testimony in support of the bill on behalf of NAIFA’s Nebraska chapter.