Congress Urges SEC to Consider Economic Impact of Fiduciary Standard

In three separate letters to Securities and Exchange Commission, members of the U.S. House and Senate have urged the SEC to consider the potential for increased costs to investors before moving forward with a proposed rule to establish a fiduciary duty for broker-dealers. Read more

Headley Urges NAIC to Endorse MLR Fix

On March 27 during the Spring NAIC meeting, NAIFA President Terry Headley explained to state insurance regulators the urgent need to remove agent commissions from the medical loss ratio (MLR) provision of the health care reform law.  Read more

Three House Leaders Urge Agency Coordination of Fiduciary Duty and Related Proposals

In a March 15 letter to the heads of the Securities and Exchange Commission (SEC), Department of Labor (DOL), and the U.S. Commodities Future Trading Commission, three House Republican Committee Chairmen urged the agencies to consult and coordinate with each other on their fiduciary duty and related proposals.  Read more

IRS Issues Employer-Sponsored Health Insurance W-2 Reporting Guidance

On March 29, the Internal Revenue Service issued interim guidance for employers that explains reporting on Forms W-2 with respect to the cost of employer-sponsored health insurance coverage.  Read more

Agent Licensing Reform Legislation Reintroduced in House

Representatives Randy Neugebauer (R-TX) and David Scott (D-GA) on March 16 reintroduced the National Association of Registered Agents and Brokers Reform Act, H.R. 1112, for consideration by the 112th Congress.    Read more

McRaith Named Director of Federal Insurance Office

Treasury Secretary Timothy Geithner on March 17 named Illinois Insurance Director Michael McRaith as the first director of the Federal Insurance Office (FIO), a non-regulatory federal source of insurance expertise created by the Dodd-Frank Act. Read more

Early Retiree Health Care Fund Will End April 30

On March 31, the Centers for Medicare & Medicaid Services (CMS) announced the Early Retiree Reinsurance Program will no longer accept applications after April 30.   Read more

Take Action Your Way: Visit NAIFA’s Legislative Action Center

In recent weeks, several bills have been introduced in Congress that NAIFA supports. Some are critically important and urgent, like changing the medical loss ratio calculation.  Read more

Insurance Reform Summit Looks at Federal, State Regulatory Reform

The Networks Financial Institute (NFI), a non-profit organization that facilitates meetings and dialogues regarding the financial services marketplace, held its 7th Annual Insurance Reform Summit in Washington, D.C on March 16.  Read more

H. Lillian Vogl
Director, Federal Government Relations
703-770-8155

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