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So far naifa-nys has created 87 blog entries.

Departure of DOL Secretary May Delay Fiduciary Rule Rewrite

By | July 12th, 2019|Categories: News Alerts|

The resignation of DOL Secretary Alexander Acosta on July 12 may impact the agency's rewrite of its controversial fiduciary duty rule, as it's unclear whether an Acting Secretary─not confirmed by the Senate, in other words─would be comfortable taking on such a notorious project. According to the timeline that Secretary Acosta had announced prior to his resignation, [...]

NAIFA-NYS Announces New Leadership Team

By | July 3rd, 2019|Categories: Member News, New York Issues|

NAIFA-NYS Announces New Leadership Team to Strengthen the Voice of Life Insurance Agents in New York Albany, New York, July 3, 2019 — A new leadership team of financial professionals from across New York State has taken charge of the National Association of Insurance and Financial Advisors-NYS (NAIFA-NYS), giving an even stronger, more energized voice to [...]

NYS Assembly Passes Our CE Credit Bill, 101-0

By | June 18th, 2019|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|

On June 18, the New York State Assembly approved unanimously—in a 101-0 vote—the NAIFA-NYS continuing education (CE) credit bill.  The legislation, which passed the NYS Senate 60-0 on June 7, would require the Superintendent of the Dept. of Financial Services (DFS) to grant three (3) CE credits to active members of insurance producer associations—including NAIFA-NYS—that operate [...]

NYS Senate Passes Our CE Credit Bill, 60-0

By | June 7th, 2019|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|

In the afternoon of Tuesday, June 4 the NYS Senate passed our Continuing Education Credit bill (S4365) in a 60-0 vote — a big win for NAIFA-NYS advocacy.  The bill would grant three (3) CE credits for active membership in a "statewide professional insurance producer association" like NAIFA-NYS and would define such as organization as one [...]

U.S. House Passes SECURE Act, 417-3

By | May 23rd, 2019|Categories: News Alerts|

In a resounding show of bipartisan support, the U.S. House of Representatives passed this morning the Setting Every Community Up for Retirement Enhancement (SECURE) Act, or HR 1994, by a vote of 417-3.  The bill takes a multi-faceted approach to promoting employer-based retirement programs by allowing small employers to band together and create multiple employer plans [...]

DFS Announces New Cybersecurity Division

By | May 22nd, 2019|Categories: News Alerts|

The Department of Financial Services (DFS) announced on May 22 the creation of its new Cybersecurity Division, to be led by a former U.S. Attorney whose area of expertise is cyber crimes.  The Division, which DFS calls the "first of its kind to be established at a banking or insurance regulator", will enforce the DFS cybersecurity [...]

NYS Sends Strong Delegation to NAIFA Congressional Conference

By | May 21st, 2019|Categories: Member News|

Nearly 20 representatives of NAIFA-NYS took to DC on May 14 to 15 for the NAIFA Congressional Conference and the chance to meet one-on-one with Members of the NYS Congressional delegation and their key staff.  Lawmakers represented districts from across New York—ranging from the 27th District in Western New York to the 1st District on the [...]

U.S. House to Vote on SECURE Retirement Bill

By | May 21st, 2019|Categories: News Alerts|

On May 23, the U.S. House of Representatives will take up a bipartisan bill—approved unanimously on April 2 by the House Ways & Means Committee—that would expand employer-based retirement options.  The Setting Every Community Up for Retirement Enhancement (SECURE) Act (HR 1994) would make it easier for small businesses to join together and create multiple-employer retirement [...]

“Virtual” Day on the Hill Made a Difference

By | May 10th, 2019|Categories: Member News, NAIFA-NYS Legislative Updates, New York Issues|

Something big happened on Thursday, May 9:  in local districts around the state, NAIFA-NYS members sat down with their Assemblypersons and Senators and legislative staff and talked about NAIFA-NYS issues.  No travel to Albany, no major time away from the office.  Just friendly conversation—during NAIFA-NYS' first-ever "Virtual" Day on the Hill—about life insurance concerns that affect [...]

House Committee Passes the SECURE Act Retirement Bill

By | April 3rd, 2019|Categories: News Alerts|

In what is, these days, a remarkable show of bipartisanship, the U.S. House Ways & Means Committee approved - unanimously - on April 2 a bill that would expand options for retirement savings.  The Setting Every Community Up for Retirement Enhancement (SECURE) Act, or H.R. 1994, would make it easier to offer annuities in 401(k) and [...]