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Advocacy in action blog

1 min read

NAIFA Reports on the State of Advocacy

By NAIFA on 2/23/24 2:33 PM

NAIFA is the leading advocacy voice for insurance and financial professionals at the federal and state levels. The association boasts members in every Congressional district and has a strong advocacy presence in every state capital. Last year, NAIFA tracked more than 490 state-level bills that had the potential to affect NAIFA members and the consumers they serve. NAIFA members or staff testified at more than 30 state-level hearings, providing real-world accounts of how policy proposals could benefit or harm the financial security of consumers. 

Topics: State Advocacy Federal Advocacy
2 min read

NAIFA State Legislative Days Are in Full Swing

By NAIFA on 2/16/24 5:27 PM

NAIFA state legislative days allow insurance and financial professionals to share NAIFA's grassroots message and nurture relationships with state lawmakers. Many of these events occur in the first quarter of the year. So far, NAIFA chapters in Florida, Nebraska, New Mexico, South Dakota, Utah, Virginia, and Washington have held successful 2024 state legislative days. Indiana, Kansas, Kentucky, Maryland, and South Carolina have events coming soon.

Topics: State Advocacy Grassroots
2 min read

NAIFA-Los Angeles Builds Long-Term Advocacy Relationships

By NAIFA on 2/7/24 1:39 PM

Lawmakers in California, and particularly in the city of Los Angeles, know the importance of life insurance and understand the critical work financial professionals do. NAIFA-Los Angeles has been key to their education. For the past 20 consecutive years, NAIFA-Los Angeles members, including the chapter’s Past President Gilbert Mares, LUTCF,  Grassroots Chair Jose Rodriguez, and President Alvin Parra, have worked with Los Angeles Mayors and members of the City Council to have September proclaimed Life Insurance Awareness Month. They have also been instrumental in getting similar proclamations issued by the state Senate and the County of Los Angeles.

Topics: Life Insurance & Annuities Life Happens Life Insurance Awareness Month State Advocacy Legislative Day
1 min read

NAIFA Favors Maryland Bill to Remove Insurance Pre-Licensing Hurdles

By NAIFA on 2/2/24 5:34 PM

NAIFA supports a bill in Maryland that would eliminate a pre-licensing education requirement for people applying to take the state's insurance license exams. The mandated courses are unnecessary and burdensome and they do a disservice to those pursuing an insurance career in Maryland as well as consumers. 

Topics: State Advocacy Maryland Producer Licensing & CE Supported Legislation
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Vermont Enhances Safeguards for Annuity Consumers

By NAIFA & ACLI on 1/25/24 4:02 PM

American Council of Life Insurers (ACLI) President and CEO Susan Neely and NAIFA-Vermont President Tyler Wood issued the following joint statement on the best interest annuity rule adopted recently by the Vermont Department of Financial Regulation:

“A new rule adopted by the Vermont Department of Financial Regulation, led by Commissioner Kevin Gaffney, provides stronger protections to consumers seeking lifetime income through annuities. The rule enhances the standards financial professionals must follow and protects consumers' access to, and information about, annuities, the only financial product in the marketplace that can provide guaranteed income for life. 

Topics: State Advocacy Standard of Care & Consumer Protection Press Release Annuity Best Interest Vermont
2 min read

Michigan Enacts NAIFA-Supported Law to Protect Consumers From Financial Fraud

By NAIFA on 12/15/23 9:11 AM

Michigan Governor Gretchen Whitmer has signed a bill NAIFA-MI helped shape and strongly advocated for that will help protect vulnerable adults, specifically seniors, from financial fraud and exploitation. The new law allows broker-dealers or investment advisors to delay disbursements or transactions if they suspect a client is being exploited or defrauded.

Topics: State Advocacy Michigan Supported Legislation Senior Financial Protection
3 min read

New Rule Strengthens Protections for Utah Annuity Consumers

By NAIFA & ACLI on 12/12/23 11:23 AM

American Council of Life Insurers (ACLI) President and CEO Susan Neely and National Association of Insurance and Financial Advisors’ (NAIFA)—Utah Government Relations Chair Dori Phillips, issued the following joint statement on the best interest annuity rule adopted recently by the Utah Insurance Department:

Topics: Legislation & Regulations State Advocacy Press Release Annuity Best Interest Utah
1 min read

NAIFA-WI Sees Financial Literacy Bill Signed Into Law

By NAIFA on 12/8/23 3:35 PM

NAIFA-WI members Kris Alfheim and Sherri Mitchell and lobbyist George Ermert attended a bill-signing ceremony with Governor Tony Evers for legislation requiring high school students to complete a personal finance course prior to graduation.

Topics: Legislation & Regulations State Advocacy Financial Literacy Wisconsin
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California Insurance Department FAQ Aims to Clear Up Confusion About LTCi Program Study

By NAIFA on 8/18/23 3:03 PM

California has not at this time established a publicly funded state-run long-term care insurance program or set deadlines for employees in the state to opt out. The state established a Task Force to study the possibility of such a program and make recommendations, and that study is ongoing. The California Department of Insurance has issued a revised Frequently Asked Questions Document to clear up some common misconceptions. Among topics covered by the FAQ are:

Topics: Long-Term Care Insurance State Advocacy Limited & Extended Care Planning Center California
1 min read

Happy Birthday to IFAPAC

By NAIFA on 8/18/23 8:54 AM

On August 18, 1966, NAIFA formed the Insurance and Financial Advisors Political Action Committee (IFAPAC) as a nonprofit, nonpartisan organization. Then known as LUPAC, it was created "to engage in voter registration and get-out-the-vote campaigns, compile voting records of individual members of Congress, and implement nonpartisan courses designed to stimulate citizen involvement in politics," according to NAIFA's magazine at the time. The PAC also solicited "contributions to aid selected Congressional candidates," the publication said.

Topics: State Advocacy Federal Advocacy IFAPAC