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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

Status Update to Reg 60 from the DFS

The DFS would like to advise you that the notice of adoption of the revised Reg 60 will be published in the Jan 21 issue of the State Register, and  so the amendments will take [...]

By | January 7th, 2015|Categories: NAIFA-NYS Legislative Updates|0 Comments

Lawmaker blocks TRIA bill over agent-licensing provision

Sen. Tom Coburn, R-Okla., is blocking a Senate vote on reauthorizing the Terrorism Risk Insurance Act backstop, which is set to expire at year-end. Coburn disagreed with a provision attached to the bill that aimed [...]

By | December 17th, 2014|Categories: NAIFA-NYS Legislative Updates|0 Comments