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NAIC Moves Forward with New Approach to Annuity “Suitability”

State regulators on the NAIC Annuity Suitability Working Group--which is charged with revamping the NAIC's model annuity suitability regulation in light of growing interest in "best interest" standards--will meet in Chicago on October 22-23.  The purpose is to resolve dozens of proposed amendments to the model, [...]

By | October 15th, 2018|Categories: News Alerts|0 Comments

The DOL Fiduciary Duty Rule Is Dead

On June 21, the 5th Circuit Court of Appeals issued a mandate that made effective the Court's March 15 decision vacating - in full - the Department of Labor (DOL) fiduciary duty rule.  The mandate also required the DOL to reimburse plaintiffs for their legal costs [...]

By | June 21st, 2018|Categories: News Alerts|0 Comments

Life Agents to DFS: Suspend Reg 187 Effort So All Parties Can Discuss Issues, Ideas

Life Agents to Regulators: Slow Down So We Have a Chance to Chat - NAIFA-NYS Advocating DFS to Suspend Reg 187 Effort Until All Interested Parties Can Roundtable Issues and Ideas   Albany, New York, June 19, 2018 — ‎The National Association of Insurance and Financial [...]

By | June 19th, 2018|Categories: New York Issues, News Alerts|0 Comments

GMR Legislative Breakfast: A Real Eye-Opener

The Greater Metro Region (GMR) is rebuilding itself after years of struggle, and the latest GMR legislative event, held on June 1 in Uniondale, proved that, slowly but surely, GMR members are coming back.  The breakfast featured no-holds-barred discussion of the DFS amendments to the Regulation [...]

By | June 15th, 2018|Categories: Member News|0 Comments

Hudson Valley Takes Its Legislative Breakfast to the Diner

Diners are great places for discussion, whether among family and friends or our Hudson Valley members at their 2018 legislative breakfast.  Held on April 20 at Alexis Diner in Newburgh, the event featured Assembly Insurance Committee Chair Kevin Cahill speaking about local issues as well as [...]

By | June 15th, 2018|Categories: Member News|0 Comments

Legislative Breakfasts Come to Mohawk Valley

NAIFA-NYS legislative breakfasts aren't always big affairs--but that makes them no less interesting, enjoyable, and important.  The March 9, 2018 Mohawk Valley association event was a wonderful opportunity, as it was last year, to present and discuss the issues that NAIFA-NYS members need to understand...Governor Cuomo's plan [...]

By | June 15th, 2018|Categories: Member News|0 Comments