Click HERE – Get the NAIFA-NYS Cyber-Security Compliance Package – Your Tool to Help Meet the DFS Requirements! ***HUGE DISCOUNT FOR NAIFA-NYS MEMBERS!***

Think you comply with the DFS regulation?  You probably don’t!

@NAIFANYS

- 3 days ago

Data security experts urge Congress to pass national cyber standard to replace state approaches - including New Yor… https://t.co/BEAaEKPsZE
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@NAIFANYS

- 4 days ago

TODAY'S THE DAY to certify your compliance w/ the DFS cyber-security reg. Need help? The #NAIFANYS Cyber-Security C… https://t.co/y2go3u58qf
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@NAIFANYS

- 5 days ago

SAVE THE DATES! #NAIFANYS Regional Conferences: April 26 in Buffalo, May 9 in Albany (also Day on the Hill), June 1… https://t.co/zoSl6lt86K
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@NAIFANYS

- 6 days ago

DFS deadline for certifying your cyber-security compliance is on Thursday! Need help? Visit https://t.co/UMOqfKKPVxhttps://t.co/30NXe78CiT
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@NAIFANYS

- 7 days ago

BREAKING: New York Senate Ins. Comm. unanimously passes #NAIFANYS CE credit bill, granting 6 CE credits for active… https://t.co/JO3dmjXZQr
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@NAIFANYS

- 11 days ago

#NAIFANYS at LICONY Legislative and Regulatory Meeting in NYC. Great discussion. Thanks for the opportunity to repo… https://t.co/PsTc5k9lW5
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@NAIFANYS

- 14 days ago

11 Days! That's all that's left before the DFS Feb. 15 deadline for certifying compliance with the cyber-security r… https://t.co/bjA21vgI1q
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@NAIFANYS

- 18 days ago

DFS wants you to certify your cyber-security reg. compliance by Feb. 15! Confused? #NAIFANYS has a compliance tool… https://t.co/Jylm45clbZ
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@NAIFANYS

- 19 days ago

SAVE THE DATE! Join us April 26 for the first annual Buffalo Regional Conference! Registration, seminar details c… https://t.co/Mc6Gk1LFCZ
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@NAIFANYS

- 19 days ago

DOL Fiduciary Rule: Many agents, brokers are "slacking" when it comes to satisfying the best interest standard, ar… https://t.co/pjrROspCjv
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The DFS Cyber-Security Regulation:  Guidelines for Complying

The DFS regulation is far-reaching and affects all producers licensed in New York in some way.  Click HERE for NAIFA-NYS guidance on who must comply, what a “covered entity” is, what data needs protection, what role third parties play, if you qualify for a limited exemption, how reporting of cyber breaches may work, and what deadlines/effective dates you need to know, among other items.

Key Implementation Dates DFS Frequently Asked QuestionsText of Regulation

New York Releases Its Own Proposed “Best Interest” Regulation

The Department of Financial Services on December 27 released a proposed new rule that would require producers to meet a “best interest” standard when selling annuities and life insurance products.  The proposed rule, which NAIFA-NYS is examining in depth, is available HERE.  Click HERE for a summary.

                                                                                                                                                      

Governor Calls for State-Run Retirement Plan for Private Sector    

In his Fiscal Year 2019 budget, Governor Cuomo called for a state-sponsored and run retirement program for private-sector workers whose employers do not offer a qualified plan.  The plan is the wrong approach to encouraging retirement savings and unnecessarily would displace the private market.  YOU CAN HELP TO DEFEAT THE PROPOSAL.  Briefing Points and Guidance on How to Help are available HERE. A Special Message from the NAIFA-NYS Exec. Director is HERE.

 

Federal Tax Reform    

On December 22, 2017, President Trump signed into law the largest overhaul of the U.S. tax code since the Reagan Administration.  The new law makes numerous changes – including permanently dropping the corporate tax rate to 21%, temporarily lowering personal tax rates, and nearly eliminating the state and local tax (SALT) deduction critical to so many New Yorkers.  The full text is available HERE.  Other details can be found HERE.

NAIFA-NYS Webinar    

Couldn’t attend our webinar on the DFS cyber-security regulation?  Click HERE for the recorded version (members only, password required)

MEMBER NEWS
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Chautauqua Legislative Luncheon Proves that Small Can Be Mighty

NAIFA-Chautauqua is a small association, but it's awfully active, and on January 25 its members gathered just outside Jamestown for a roundtable luncheon with legislative representatives and NAIFA-NYS senior staff.  Topics of discussion at [...]

Buffalo Legislative Breakfast a Rousing Success

Our Buffalo association continued its tradition of successful legislative breakfasts on January 25, when nearly 60 members, non-members, legislators and staff, and NAIFA-NYS representatives gathered in an elegant ballroom at Salvatore's Italian Gardens in [...]

NAIFA-NYS Announces Legislative Breakfast Schedule

Building on their successes in 2017 - when more New York locals held legislative breakfasts than in many, many years - the NAIFA-NYS locals have announced their 2018 calendar of legislative events.  The schedule begins [...]

NEWS ALERTS
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NAIFA-NYS Releases First-of-Its-Kind Cyber-Security Tool for Life Agents, Responds to DFS Regulation

January 29th, 2018|0 Comments

Albany, New York, January 29, 2018 — The National Association of Insurance and Financial Advisors-NYS (NAIFA-NYS) today announced a first-of-its-kind compliance tool to assist New York life agents to comply with the state’s new cyber-security [...]

Cuomo Considers Overhauling the New York State Tax Code

December 30th, 2017|0 Comments

Governor Cuomo, in response to the federal tax reform's near-elimination of the state and local tax (SALT) deduction, is proposing to overhaul the New York State tax code and warns of a potential legal challenge [...]

New York Moves to Create Its Own “Best Interest” Standard

December 27th, 2017|0 Comments

As the DOL hits "pause" on full implementation of its fiduciary duty rule, New York regulators have proposed a "best interest" standard of their own, one that would apply to all life insurance products and [...]

2018 NAIFA-NYS Calendar of Events

 

Buffalo Regional Save-the-Date (FINAL)

NAIFA-NYS is the only organization exclusively representing life insurance agents & financial advisors in NYS – encouraging a strong marketplace, enhanced business & professional skills, and ethical conduct.