NAIFA-NYS sent the following letter-to-the-editor in response to a February 19 Times Union editorial entitled "A Retirement Plan for All." The editorial urges state legislators to include Governor Cuomo's "Secure Choice" Retirement Plan in this year's budget, claiming that the Governor's proposal could help many New Yorker's avoid a "financial crisis" in retirement. NAIFA-NYS, which strongly supports finding ways to enhance retirement [...]
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" standard for life insurance [...]
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 State - including the [...]
NAIFA-NYS Releases First-of-Its-Kind Cyber-Security Tool for Life Agents, Responds to DFS Regulation
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 York Department of Financial [...]
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.
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 26, when Rochester holds [...]