New York Issues

/New York Issues

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 “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.

End of Session Status NAIFA-NYS 2016

By | August 1st, 2016|Categories: New York Issues|

- NEW YORK SECURE CHOICE SAVINGS PROGRAM ACT S6045D (Savino) / A8832F (Rodriguez) - OPPOSED History:  Introduced this session Bill Purpose:  Establishes a state-run pension program for “employees of smaller establishments” Status:  A8832F placed on Assembly debate calendar and laid aside. S6045D did not move from Senate Finance Committee. NAIFA-NYS has steadfastly opposed government run retirement [...]