NAIFA Senior Vice President for Government Relations Diane Boyle appeared with other industry thought leaders on the National & Federal Insurance Perspective Panel at the Life Insurance Council of New York (LICONY) Annual Meeting and Planning Conference in Albany. She discussed with other panelists the top issues facing the insurance and financial services industry, the promotion of diversity and inclusion in the insurance sector, issues caused by the COVID-19 pandemic, and NAIFA’s work with the American Council of Life Insurance (ACLI) to remove unnecessary barriers to recruiting new insurance professionals.
2 min read
NAIFA’s Advocacy Highlighted at LICONY Meeting
Topics: Diversity Press Release New York Federal Advocacy
3 min read
New York Appellate Court Rules Regulation 187 Unconstitutional
The New York Supreme Court, Appellate Division, has ruled that state Insurance Regulation 187, “Suitability and Best Interests in Life Insurance and Annuity Transactions,” is unconstitutional. A 2018 amendment to Regulation 187 imposed a complicated new standard of care on annuity recommendations and broadened the scope of the regulation to include life insurance as well as annuity products.
Topics: Legislation & Regulations State Advocacy Standard of Care & Consumer Protection New York
2 min read
NAIFA-New York Hires Greenberg Traurig to Represent State Advocacy Interests
The New York chapter of the National Association of Insurance and Financial Advisors (NAIFA) has reached an agreement with Greenberg Traurig under which the firm will represent the advocacy interests of NAIFA-New York with state legislators and regulators. Greenberg Traurig is a global law firm with offices around the country, including in Albany and New York City.
Topics: State Advocacy New York
2 min read
NAIFA-New York and LICONY Partner to Leverage Their Advocacy Clout
The National Association of Insurance and Financial Advisors’ New York chapter (NAIFA-New York) and the Life Insurance Council of New York, Inc. (LICONY) will collaborate in 2021 and beyond on issues that are important to agents and advisors, the industry, and the consumers they serve.
Topics: State Advocacy New York Advocacy Partnerships
3 min read
Highly Respected Advisors Named to NAIFA-New York Transition Team
Team of industry stalwarts in the state will lead NAIFA’s New York chapter until state members select a new Board to take office in January.
Topics: State Advocacy New York
1 min read
New York Issues Emergency Regulations Requiring Insurer and Producer Notifications to Clients
The New York State Department of Financial Services (DFS) recently issued emergency regulations describing the notifications that insurers and agents must provide to their policyholders regarding the flexibility being given regarding premium payments, policy lapse and renewal and other topics. The new regulations—11 NYCRR 229.5(b) and 3 NYCRR 405.6(b)(4).
>View the Regulations
