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NAIFA-NYS Successfully Urges the New York Department of Financial Services to Increase Training Allowance Subsidy Limits

In January, senior NAIFA-NYS officials held the first in a series of regulatory affairs discussions with the representatives of several bureaus of the New York State Department of Financial Services, including the Deputy Superintendent for [...]

By | March 24th, 2016|Categories: NAIFA-NYS Legislative Updates|0 Comments

NYS Senate Holds Roundtable on Collapse of Health Republic/ Impacts and Next Steps

For NAIFA-NYS members owed commission from Health Republic, a formal Court-supervised liquidation proceeding would provide a mechanism to file a claim.  But as NAIFA-NYS legislative staff report following a Senate roundtable, the Dept. of Financial [...]

By | February 8th, 2016|Categories: NAIFA-NYS Legislative Updates|0 Comments

NAIFA-NYS’ proposed changes to Regulation 60 Amendment #3 take effect April 21, 20

Thanks to efforts driven by NAIFA-NYS, needed changes to New York State Insurance Regulation 60, which pertains to the replacement of life insurance policies and annuity contracts, were adopted by the Department of Financial Services [...]

By | April 21st, 2015|Categories: NAIFA-NYS Legislative Updates|0 Comments

Regulation 60 Amendment ENACTED

On January 21, 2015, The Department of Financial Services of NYS published the attached notice. We invite you read the publication highlighting NAIFA-NYS comments supportive of the changes. Twenty years in the making, but now [...]

By | January 23rd, 2015|Categories: NAIFA-NYS Legislative Updates|0 Comments

NAIFA – NYS Publishes 2015 Legislative/Regulatory Position Paper

NAIFA – NYS 2015 Legislative/Regulatory Position Paper summarizing the issues that have been identified to date and are being addressed by the association. Click here for more information.

By | January 23rd, 2015|Categories: NAIFA-NYS Legislative Updates|0 Comments

ENACTMENT – Agent Licensing Reform Sent to President

Issue: Agent Licensing Reform Date: January 8, 2015 Action Taken: As one of their first acts of the new Congress, the U.S. House of Representatives and U.S. Senate have passed long-time NAIFA-supported agent licensing reform [...]

By | January 9th, 2015|Categories: NAIFA-NYS Legislative Updates|0 Comments