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.
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Quick Action Leads to NAIFA-MA Advocacy Win
Topics: Health Care State Advocacy Massachusetts
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Massachusetts Enters into NAIC Continuing Education Agreement
In an effort to streamline processes and implement uniform transactions for both licensees and consumers, the Massachusetts Division of Insurance recently announced it has entered into the National Association of Insurance Commissioners (NAIC) Continuing Education Reciprocity (CER) Agreement.
Topics: State Advocacy Insurance & Financial Advisor Regulation Massachusetts Producer Licensing & CE
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State Advocacy Impact! NAIFA Helps Reshape Massachusetts Fiduciary Proposal
A funny thing happened on the way to the final version of the Massachusetts Securities Division’s fiduciary rule for broker dealers and their registered representatives. NAIFA’s grassroots army made their presence known and helped to reshape what could have been a disastrous regulation for insurance and financial professionals and the Main Street consumers who rely on them for products, services, and guidance.
Topics: Grassroots Insurance & Financial Advisor Regulation Massachusetts
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Massachusetts Adopts Final Fiduciary Duty Rule Financial Professionals
Topics: State Advocacy Standard of Care & Consumer Protection Insurance & Financial Advisor Regulation Massachusetts Fiduciary
Gov. Baker Expresses Concern About Massachusetts Fiduciary Proposal
Topics: State Advocacy Standard of Care & Consumer Protection Insurance & Financial Advisor Regulation Massachusetts Fiduciary
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NAIFA's Mayeux To Testify On Massachusetts Fiduciary Proposal
NAIFA CEO Kevin Mayeux is set to testify tomorrow before the Massachusetts Securities Division concerning the state’s proposed fiduciary duty for insurance and financial professionals (i.e., proposed amendments to 950 CMR 12.200). He will testify on behalf of NAIFA’s national organization and the NAIFA-Massachusetts state chapter.
