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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 to appeal. The Court was expected to hand down its mandate on May 7 [...]

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 Advisors-New York State on Friday announced that it has requested the Department of 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 187 suitability rule--amendments that create a "best interest" requirement for in-force transactions related to life insurance [...]

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 insurance and political topics of the day, and the NAIFA-NYS senior government relations staff [...]

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 for a private-sector state-run retirement plan, a pending DFS "best interest" standard for life insurance and [...]

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

Syracuse Members, Legislators Discuss Issues of the Day

The 2018 Syracuse legislative breakfast--delayed a few weeks thanks to a snowstorm that even our Syracuse members wouldn't venture out in--took place on March 23rd at Justin's Tuscan Grill.  Local lawmakers, including Senate Majority Leader John DeFrancisco, were there to weigh in on life insurance and financial services issues affecting New York...and there was strong support for the role that [...]

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