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2017 Was Record Year for Data Breaches in NY

A new study reveals that more than 1,500 data breaches were reported to the NYS Attorney General in 2017--a significant jump from 2016--and that the personal records of 9.2 million New Yorkers (thanks largely to [...]

By | April 2nd, 2018|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|0 Comments

NYS Senate Passes NAIFA-NYS CE Credit Bill

The New York State Senate on March 27 overwhelmingly passed a NAIFA-NYS-initiated bill requiring the Superintendent of Financial Services to grant six continuing education credits for all active members of a statewide professional insurance producer association [...]

By | March 27th, 2018|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|0 Comments

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 [...]

By | January 29th, 2018|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|0 Comments

New York Moves to Create Its Own “Best Interest” Standard

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 [...]

By | January 5th, 2018|Categories: NAIFA-NYS Legislative Updates, New York Issues|0 Comments

DFS Extends Filing Deadline for the Limited Exemption from the DFS Cybersecurity Regulation

DFS has issued, without announcement or public notice, an extension of the filing deadline until October 30. The language, posted quietly on the DFS web site, is a bit unclear and may create more confusion [...]

By | September 28th, 2017|Categories: NAIFA-NYS Legislative Updates|0 Comments

DFS Issues Final Cost-of-Insurance Regulation (Reg. 210)

The Department of Financial Services (DFS) today announced the adoption of a new regulation that focuses on life insurance company practices related to increases in the premiums or charges of certain life insurance and annuity policies. The [...]

By | September 19th, 2017|Categories: NAIFA-NYS Legislative Updates|0 Comments