NAIFA is celebrating a major legislative win out of Idaho. On March 20, 2023, Idaho Governor Brad Little signed H. 92 into law, making Idaho the 18th state to adopt financial literacy coursework as a requirement for high school graduation. The bill passed the Idaho House of Representatives 67-0-3 and the Idaho Senate 34-0-1.
1 min read
Idaho Adopts High School Financial Literacy Education Requirement
Topics: State Advocacy Financial Literacy Idaho Supported Legislation
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Idaho Enacts Enhanced Protections for Annuity Consumers
Idaho Governor Brad Little has signed a NAIFA-promoted best interest bill into law. The bill, HR 79, is based on the National Association of Insurance Commissioners (NAIC) Suitability in Annuity Transaction Model Regulation.
Topics: State Advocacy Standard of Care & Consumer Protection Grassroots Annuity Best Interest Idaho Insurance & Financial Advisor Regulation
1 min read
NAIFA-Idaho Testifies at Hearing on Annuity Best Interest Legislation
NAIFA-Idaho member EmmaLee Robinson testified before a hearing of the Idaho Legislature on the Annuity Consumer Protections Act (HB 79) and encouraged lawmakers to adopt legislation based on the National Association of Insurance Commissioners’ updated Suitability in Annuity Transactions Model. The NAIC model requires financial professionals to work in the best interests of consumers on annuity transactions.
