American Council of Life Insurers (ACLI) President and CEO Susan Neely and National Association of Insurance and Financial Advisors (NAIFA)-Alaska Vice President of Advocacy, Lanet Spence, issued the following joint statement on the best interest annuity rule adopted recently by the Alaska Division of Insurance:
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Alaska Adopts Stronger Safeguards for Annuity Consumers
Topics: State Advocacy Standard of Care & Consumer Protection Insurance & Financial Advisor Regulation
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NAIFA-NY Members Meet With DFS Officials to Address Challenges Serving Clients in the State
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
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State Adopts NAIFA-MA Proposal to Offer Insurance Licensing Exams in Spanish
The Massachusetts Division of Insurance announced earlier this year that the state insurance licensing exam will now be offered in Spanish. NAIFA's Massachusetts chapter has been working with the Division of Insurance on this initiative and advocated for its adoption.
Topics: State Advocacy Press Release Licensing
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Quick Action Leads to NAIFA-MA Advocacy Win
NAIFA-MA is celebrating a major advocacy win after a very close call. During the last three days of the legislative session which concluded July 31, the General Court introduced H. 5123 which would have implemented a two-year pilot program to extend eligibility for premium assistance payments on point of service cost-sharing subsidies for certain health insurance applicants. In short, this legislation would have implemented a pilot single-payer health coverage program, thus having a catastrophic impact on employer-sponsored health plans.
Topics: Health Care State Advocacy Massachusetts
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NAIFA-TN's John D. Richardson Elected to State Executive Committee
John D. Richardson, RICP, LACP, loyal NAIFA member since 2003, was recently elected to serve on the Tennessee Republican Party State Executive Committee for Senate District 21.
Richardson's leadership and professional success have been noteworthy throughout his tenure as a NAIFA member. After graduating from the University of Tennessee-Knoxville with a B.A. in Political Science and a Minor in Spanish, he began his career as an advisor in 2005. Today he is a Financial Planner and Partner with Boundbrook Advisors (MassMutual), a firm he co-founded in Brentwood, TN.
Topics: State Advocacy Member Spotlight Tennessee
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Colorado Adopts Stronger Protections for Annuity Consumers
ACLI President and CEO Susan Neely and NAIFA-CO Political Action Committee Chair and Government Relations Committee member Brent Jones issued the following joint statement on the best interest annuity rule adopted recently by the Colorado Division of Insurance:
Topics: State Advocacy Standard of Care & Consumer Protection Colorado Annuity Best Interest
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Advocacy Rewind: Spotlight on NAIFA-Nebraska
On March 1, 2022, NAIFA-Nebraska hosted their successful Legislative Day event in Lincoln. NAIFA-NE members in attendance received briefings from:
Topics: State Advocacy Grassroots Nebraska
Get Out the Vote Resources Now Available
Whether you're new to political advocacy or a grassroots leader, NAIFA's Get Out the Vote is a great resource for everything you need to know about NAIFA's political advocacy. Find information on polling dates and locations, ballot measures, and your elected officials. Brush up on Government 101 or find the text of individual bills—this site has useful information for everyone.
Topics: State Advocacy Federal Advocacy Grassroots
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NAIFA Expands its Diversity, Equity, and Inclusion Efforts through New Outreach to Financial Services Professionals and Prospective Professionals
NAIFA Invites Women and Hispanic Agents and Advisors to Two New Programs in August
The National Association of Insurance and Financial Advisors (NAIFA) has announced the addition of two programs that will run on Tuesday, August 16th pre-conference to its upcoming Apex event being held in Phoenix, Arizona. The sessions focus on raising awareness for state, interstate, and federal advocacy and stress the importance of financial advisors to get involved, starting with voting, in the political process.
Topics: Diversity State Advocacy Federal Advocacy
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New Law in Hawaii Strengthens Protections for Annuity Consumers
American Council of Life Insurers (ACLI) President and CEO Susan Neely and National Association of Insurance and Financial Advisors (NAIFA) Hawaii Government Relations Chair Cynthia Takenaka issued the following joint statement on legislation signed into law in Hawaii that strengthens protections for annuity consumers:
