News Alerts

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NAIC Moves Forward with New Approach to Annuity “Suitability”

State regulators on the NAIC Annuity Suitability Working Group--which is charged with revamping the NAIC's model annuity suitability regulation in light of growing interest in "best interest" standards--will meet in Chicago on October 22-23.  The [...]

By | October 15th, 2018|Categories: News Alerts|0 Comments

The DOL Fiduciary Duty Rule Is Dead

On June 21, the 5th Circuit Court of Appeals issued a mandate that made effective the Court's March 15 decision vacating - in full - the Department of Labor (DOL) fiduciary duty rule.  The mandate [...]

By | June 21st, 2018|Categories: News Alerts|0 Comments

Life Agents to DFS: Suspend Reg 187 Effort So All Parties Can Discuss Issues, Ideas

Life Agents to Regulators: Slow Down So We Have a Chance to Chat - NAIFA-NYS Advocating DFS to Suspend Reg 187 Effort Until All Interested Parties Can Roundtable Issues and Ideas   Albany, New York, [...]

By | June 19th, 2018|Categories: New York Issues, News Alerts|0 Comments

NYS Legislature Passes Our CE Credit Bill – Next Stop: Governor’s Desk

In the morning hours of June 12th, the NYS Assembly unanimously - in a vote of 120 to 0 - gave final passage to the NAIFA-NYS bill that requires the Superintendent of Financial Services to grant [...]

By | June 12th, 2018|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|0 Comments

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