<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=319290&amp;fmt=gif">
1 min read

NAIFA Legislative Event Includes Iowa Lawmakers

By NAIFA on Oct 15, 2020 11:37:02 AM

NAIFA’s North Central Iowa chapter recently hosted a legislative breakfast session that included a question and answer session with State Sen. Tim Kraayenbrink (R-Fort Dodge, District 5), state Rep. Ann Meyer (R-Fort Dodge, District 9); and Jack Friend (D-Ames, candidate for Iowa House District 48).

Topics: State Advocacy
2 min read

‘The Power of You. The Power of Us.’  NAIFA’s New Political Advocacy Campaign Stokes Individual and Group Action

By NAIFA on Oct 1, 2020 4:35:41 PM

Insurance and financial professionals provide a powerful advocacy voice at state and federal levels.

Topics: Advocacy State Advocacy Press Release
1 min read

Sen. Grassley and Commissioner Ommen Speak at NAIFA-Iowa Conference

By NAIFA on Sep 24, 2020 4:47:51 PM

NAIFA-Iowa recently held a successful combined in-person/virtual state conference, Sept. 9-11 in Cedar Falls. The program highlighted each point of NAIFA’s membership promise – Advocate, Educate, Differentiate – but the focus turned squarely to advocacy during the Thursday keynote presentation by state Insurance Commissioner Doug Ommen and the Friday Newell C. Day Awards Breakfast keynote address by Sen. Chuck Grassley.

Topics: Advocacy State Advocacy
2 min read

NJ Joins List of States Offering Remote Licensing Exams for Insurance Producers

By NAIFA on Sep 21, 2020 2:20:16 PM

The New Jersey Department of Banking and Insurance announced on September 11 that individuals who want to take the insurance producer examination may do so remotely, even after the public health crisis ends.

Topics: State Advocacy
1 min read

Financial Transaction Tax Introduced in New Jersey

By NAIFA on Sep 21, 2020 11:55:35 AM

The insurance industry in New Jersey faced a scare in mid-September when Senate President Steve Sweeney introduced S-2902, which would impose a tax on high-quantity processors of financial transactions at $0.0025 per transaction. The bill defines "high-quantity" as processors of 10,000 or more financial transactions through electronic infrastructure located in New Jersey during the year. There was speculation the funding mechanism would be attached to the state budget. Fortunately, the state budget was approved, and the transaction tax was not included.

Topics: Tax State Advocacy
1 min read

NAIFA-CA Helps Alleviate Industry Concerns with HIV Modernization Bill

By NAIFA on Sep 4, 2020 12:05:00 PM

The California State Legislature recently passed a bill to prohibit life and disability income insurance providers from denying coverage to HIV-positive individuals. The bill, initially introduced as SB 961 by Sen. Lena Gonzales (D), was initially concerning to NAIFA. Together with the Association of California Life & Health Insurance Companies (ACLHICI) and the American Council of Life Insurers (ACLI), NAIFA worked with Gonzales to amend the bill to give insurers more underwriting flexibility, while still prohibiting them from declining applicants based solely upon an HIV test.

Topics: Life Insurance Disability Income Insurance State Advocacy
2 min read

New Maryland Commissioner Looks to Work  with Industry on Annuity Suitability Revisions

By NAIFA on Aug 26, 2020 3:37:46 PM

Maryland’s new Insurance Commissioner, Kathleen Birrane, had an opportunity to introduce herself to the state’s insurance agents and financial advisers on August 25 during a townhall webinar with NAIFA-MD, the Maryland Association of Health Underwriters and Maryland Insurance Agents and Brokers.

Topics: Legislative & Regulatory State Advocacy
1 min read

NAIFA Members Invited to Signing of Agent Commission Bill in Georgia

By NAIFA on Aug 17, 2020 1:50:08 PM

NAIFA-GA members were invited to attend Gov. Brian Kemp’s signing of a law requiring health insurance carriers to file commissions rates they offer producers as part of their filings with the state. The law (HB 716) also gives the state Insurance Commission the power to enforce commission rates. The law will help insurance producers impacted by the Medical Loss Ratio provisions of the Affordable Care Act, which has resulted in many carriers reducing or eliminating health insurance agents’ commissions.

Topics: State Advocacy Georgia Medical Loss Ratio
1 min read

NAIFA Georgia’s Health Insurance Agent Commission Bill Sails Through the Senate

By NAIFA on Jun 29, 2020 8:57:04 AM

NAIFA-Georgia is celebrating a win. HB 716 (Insurance; carriers issuing a health benefit plan in this state through an agent shall file proposed commission rates with the department) passed the Senate unanimously on June 26. 

Topics: Health Care State Advocacy Georgia Medical Loss Ratio
1 min read

NAIFA-CO Sees Big Win on Proposal to Expand Annuity Taxes

By NAIFA on Jun 16, 2020 11:24:14 AM

When Colorado legislators on June 8 introduced changes to the state’s tax laws that would impact insurance companies, consumers, and retirement savers, NAIFA’s state advocacy team sprang to action. The original version of the “Adjust Tax Expenditures For State Education Fund Act” (HB20-1420) would have expanded the state’s tax on some insurance premiums to include a broader range of annuity products. It also would have removed a credit applied to existing premium taxes for insurance companies that maintain home offices in Colorado.

Topics: Annuities Retirement Tax State Advocacy Colorado

SUBSCRIBE FOR UPDATES