Some reinsurers and primary insurance companies have announced that they will temporarily stop accepting applications for some life insurance policies. The COVID-19 outbreak has injected a new level of uncertainty into the marketplace and made it difficult for insurers to complete underwriting tasks, such as medical exams. Low interest rates are also having an impact on carriers’ business models.
COVID-19 Impacts Life Insurance Applications
Topics: State Advocacy COVID-19 Federal Advocacy Grassroots
8 min read
NAIFA State Advocacy Amidst COVID-19: A Glimpse into the Unknown
NAIFA State Advocacy Amidst COVID-19: A Glimpse into the Unknown
Topics: State Advocacy COVID-19
1 min read
NAIFA Urges States to Temporarily Ease Insurance Licensing Requirements
NAIFA CEO Kevin Mayeux, along with several industry colleagues, has sent a letter to every state insurance licensing authority requesting temporary licensing accommodations for producers who cannot complete regular licensing requirements because of the COVID-19 outbreak.
Topics: State Advocacy COVID-19 Insurance & Financial Advisor Regulation Producer Licensing & CE
1 min read
Provide Your Clients with Concise Information on New Paid Leave Requirements
This concise chart provides employers with an easy-to-read summary of the new emergency paid leave requirements signed into law as part of H.R. 6201 by President Trump on March 18, 2020. Additional employer guidance from the Department of Labor can be found in a Fact Sheet for Employers and a Questions and Answers document.
Topics: Group & Employee Benefits State Advocacy Paid Family Medical Leave
State Securities Regulators Up and Running
State securities regulators have taken responsible safety measures in light of the Coronavirus, but are providing necessary services for their registrants and consumers. Recognizing the disruptions and dislocations caused by the COVID--19 outbreak, many state securities departments are making appropriate accommodations and are providing helpful relief from regular registration, filing, and other requirements for registrants who meet certain criteria.
Topics: Retirement Planning State Advocacy
1 min read
NAIFA Supports Government Officials by informing consumers
Kevin Mayeux's statement to government officials that NAIFA stands with you. We are here to be a resource to you and help serve as a first line of support to consumers who are calling you with concerns during this challenging time. We are adding new resources every day to our recently launched consumer site at www.financialsecurity.org where credible information can be accessed along with a directory of our members that all ascribe to a Code of Ethics including the promise to put clients' best interests first.
Topics: State Advocacy COVID-19
1 min read
State Capitols respond to COVID-19
In light of the recent coronavirus (COVID-19) outbreak during the peak of states' legislative sessions, some state capitols have made the difficult decision to shutdown and many others are considering following suit. As a result of these closures, and because legislatures will most likely be prioritizing health and economic issues resulting from COVID-19 upon reconvening, many bills important to NAIFA members are likely to fall by the wayside.
Topics: State Advocacy COVID-19 Congress
1 min read
NAIFA-Arizona's State Advocacy Day Is Picture Perfect
NAIFA-Arizona held a successful state advocacy day in Phoenix earlier this year, with approximately 40 insurance and financial professions in attendance. They hosted legislators and Capitol Hill staffers at a luncheon and met individually with their elected officials.
Topics: State Advocacy Grassroots Arizona Legislative Day
1 min read
NAIFA Member to the Seattle Times: State-Run Retirement Plan Is a Bad Idea
Legislation now before the Washington Legislature in Olympia that would create a state-run retirement plan “misses the mark,” writes Ryan Jewell, a member of the Board of Trustees with NAIFA’s Washington Chapter, in a letter to the editors of the Seattle Times.
