Blog Medium Image

/Blog Medium Image

Honorable George Nichols III Headlines NAIFA-NYS Webinar, Offers Insight into Promoting Equality through Insurance

During a special June 18 NAIFA-NYS town hall webinar, the Honorable George Nichols III, an accomplished insurance executive & regulator and current president of The American College, joined us for a June 18 town hall webinar and shared his views on how insurance—and life insurance in particular—can be part of a sustainable solution to economic imbalance.  He spoke of his experiences [...]

By | June 18th, 2020|Categories: Member News, Members, NAIFA-NYS Legislative Updates, News Alerts|Comments Off on Honorable George Nichols III Headlines NAIFA-NYS Webinar, Offers Insight into Promoting Equality through Insurance

Cuomo Approves 6 Regions for Phase I Reopening

Six regions—Central New York, Finger Lakes, Mohawk Valley, North Country, Southern Tier, and Western New York—are allowed to begin reopening based on their meeting of certain metrics, and the Phase I businesses eligible to restart (construction, agriculture, manufacturing, and wholesale trade) in those areas must comply with new, detailed guidance and safety plan requirements from the state. A page on [...]

By | May 20th, 2020|Categories: Member News, NAIFA-NYS Legislative Updates, New York Issues, News Alerts|Comments Off on Cuomo Approves 6 Regions for Phase I Reopening

Governor Outlines 4-Phased Plan to Reopen NYS

Governor Cuomo has laid out a 4-phased, regional approach to restarting NYS businesses after a wide-ranging shutdown in response to the coronavirus pandemic.  The Central/Upstate New York regions and the construction industry are likely to benefit first. Additional information is available HERE.  To access the Governor's 156-page NY Forward: A Guide to Reopening New York & Building Back Better, click HERE. [...]

By | May 4th, 2020|Categories: Member News, NAIFA-NYS Legislative Updates, New York Issues, News Alerts|Comments Off on Governor Outlines 4-Phased Plan to Reopen NYS

DFS Says Producers Can E-Mail Clients about 90-Day Premium Deferral Period – No Physical Mailing Needed

The Department of Financial Services (DFS) has determined that producers only have to e-mail clients to tell them about the 90-day premium deferral period for COVID-19 financial hardship—and only send to the client e-mail addresses they already have.    

By | April 10th, 2020|Categories: Member News, NAIFA-NYS Legislative Updates, New York Issues, News Alerts|Comments Off on DFS Says Producers Can E-Mail Clients about 90-Day Premium Deferral Period – No Physical Mailing Needed

NAIFA-NYS Asks to DFS to Reconsider Notice Requirement for 90-Day Premium Deferrals

In an April 9 letter to Department of Financial Services (DFS) Superintendent Linda Lacewell, NAIFA-NYS stressed the great, and arguably unnecessary, burden placed on producers complying with the 10-day notice deadline for 90-day premium deferrals, and urged DFS to reevaluate.  The letter also conveyed results of the NAIFA-NYS COVID-19 survey.    

By | April 9th, 2020|Categories: Member News, NAIFA-NYS Legislative Updates, New York Issues, News Alerts|Comments Off on NAIFA-NYS Asks to DFS to Reconsider Notice Requirement for 90-Day Premium Deferrals

DFS Offers Model Disclosure to Help Agents Comply with 90-Day Grace Period Regulation

The Department of Financial Services (DFS) has issued a model notice for agents to give policyholders telling them of the DFS emergency regulation that creates a 90-day, COVID-19–related deferral for payment of life insurance & annuity premiums. More information, including a NAIFA-NYS breakdown of the significant regulation, is in the COVID-19 Resource Center.    

By | April 7th, 2020|Categories: Member News, NAIFA-NYS Legislative Updates, New York Issues, News Alerts|0 Comments