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So far naifa-nys has created 67 blog entries.

Rochester Has Legislative Breakfast Success

By | June 15th, 2018|Categories: Member News|

NAIFA-Rochester was one of the first NYS locals to bring back its legislative breakfast program, and on January 26, the association held its 2018 legislative event at the Monroe Country Club in Pittsford.  The NAIFA-NYS government relations team briefed attendees on the most critical issues facing life insurance agents and advisors in New York:  the Governor's plan to create [...]

NYS Legislature Passes Our CE Credit Bill – Next Stop: Governor’s Desk

By | June 12th, 2018|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|

In the morning hours of June 12th, the NYS Assembly unanimously - in a vote of 120 to 0 - gave final passage to the NAIFA-NYS bill that requires the Superintendent of Financial Services to grant six (6) continuing education credits to active members of a statewide professional insurance producer association - including NAIFA-NYS. Huge thanks to [...]

2017 Was Record Year for Data Breaches in NY

By | April 2nd, 2018|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|

A new study reveals that more than 1,500 data breaches were reported to the NYS Attorney General in 2017--a significant jump from 2016--and that the personal records of 9.2 million New Yorkers (thanks largely to the Equifax breach) were exposed.  The findings have prompted Attorney General Eric Schneiderman to push for new cyber-security legislation that he says [...]

NYS Senate Passes NAIFA-NYS CE Credit Bill

By | March 27th, 2018|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|

The New York State Senate on March 27 overwhelmingly passed a NAIFA-NYS-initiated bill requiring the Superintendent of Financial Services to grant six continuing education credits for all active members of a statewide professional insurance producer association passed the State Senate today. The top priority bill on the 2018 NAIFA-NYS affirmative legislative agenda, S3960 - sponsored by Senate [...]

Court of Appeals Vacates – in Its Entirety – the DOL Fiduciary Duty Rule

By | March 16th, 2018|Categories: News Alerts|

In a decision that took many observers by surprise, the 5th Circuit Court of Appeals, based in Texas, vacated in full the Department of Labor's (DOL) controversial fiduciary duty rule on March 15, 2018.  The Court determined that DOL exceeded its statutory authority, among other concerns.  As of this writing, the future of the rule and potential [...]

Chautauqua Legislative Luncheon Proves that Small Can Be Mighty

By | February 1st, 2018|Categories: Member News|

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 this very collegial event included the potential impacts of Department of Financial Services (DFS) regulations -- cyber-security and a "best interest" [...]

Buffalo Legislative Breakfast a Rousing Success

By | February 1st, 2018|Categories: Member News|

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 Depew.  Senior NAIFA-NYS government relations staff briefed attendees on the legislative and regulatory challenges facing life insurance agents in New York [...]

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

By | January 29th, 2018|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|

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 insurance regulation. The tool is now available through the association’s web site at www.naifanys.org. “The cyber-insurance regulation promulgated by the New [...]

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

By | January 5th, 2018|Categories: NAIFA-NYS Legislative Updates, New York Issues|

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 would extend beyond the current suitability requirement.  Details HERE.

NAIFA-NYS Announces Legislative Breakfast Schedule

By | January 5th, 2018|Categories: Member News|

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 on January 25, with a Buffalo legislative breakfast, followed by a Chautauqua association legislative luncheon.  The Western tour continues on January [...]