Health Insurance Antitrust Immunity Repealed by U.S. House of Representatives

The U.S. House of Representatives passed H.R. 4626 on February 24, legislation that repeals the McCarran-Ferguson Act antitrust immunity for the business of health insurance. The vote on final passage was 406-19. Read more

Statutory Pay-Go Now Law

On February 12, President Obama signed into law H.J.Res. 45, legislation creating a statutory pay-as-you-go rule. Congress packaged the pay go rule with an increase in the total federal debt, raising the federal debt limit ceiling by $1.9 trillion--to a total of $14.3 trillion. Read more

Producer Compensation Disclosure Moves Forward in New York

The New York State Insurance Department published the final version of its disclosure regulation in the New York State Register on February 10. Read more

Tax Reform Debate Kicks Off With Bipartisan Tax Reform Plan

On February 23, Senators Ron Wyden (D-OR) and Judd Gregg introduced S.3018, their new fundamental tax reform plan. Read more

Health Summit Leaves No Clear Path for Enactment

Those anticipating theatrics during the February 25 Health Summit were somewhat disappointed. There were few sharp exchanges and a fair number compliments yet the health summit ended with no sign of any bipartisan breakthroughs. Read more

Obama Health Care Proposal Recommends Hospital Insurance Tax on Annuity Income

President Obama unveiled his recommendations February 22 on how to reconcile the differences between the House-passed health care bill and that pending in the Senate. Read more

Deficit Reduction Commission Created by President Obama

President Obama issued an executive order Feb. 18, creating a Deficit Reduction Commission. The President has charged the Commission to report to Congress by December 1, 2010. Read more

CFPA May Hold Jurisdiction Over Retirement Plan Service Providers

When Sen. Chris Dodd (D-CT), chairman of the Senate Banking Committee, ultimately releases the next iteration of comprehensive financial services regulatory reform legislation one issue that will be front and center for many groups is how the Dodd draft will treat consumer protection issues. Read more

Budget Proposal Puts Restrictions on Business Use of Life Insurance, Internal Value of Variable Life Insurance and Annuities

On February 1, the Obama Administration sent Congress its proposed budget to fund the federal government for the FY 2011, which begins October 1, 2010. Read more

DOL Issues New Proposed Investment Advice Regulations

On February 26, the Division of Employee Benefits Security Administration (EBSA) of the U. S. Department of Labor (DOL) issued new proposed rules on employer-provided investment advice to participants and beneficiaries of self-directed retirement plans such as 401(k) plans. DOL/EBSA has requested comments from interested parties by May 5, 2010. Read more

NAIFA President Responds to New York Times' Report on Standards of Care

The front page of the February 16, 2010, Business section of The New York Times featured an article titled, “Struggling Over a Rule for Brokers.” In the article, reporter Tara Siegel Bernard referred to “three trade groups representing the industry.” Read more

NAIFA’s Bill Anderson to Speak on NCOIL Panel Regarding Annuity Suitability

NAIFA Senior Vice President Bill Anderson will appear on a panel at the upcoming 2010 NCOIL Spring Meeting to discuss state action on annuity suitability. NCOIL is holding its meeting in Isle of Palms, South Carolina between March 5 and March 7. Read more

170 Association Leaders Meet in Las Vegas to Scratch Their Advocacy Itch

IFAPAC and APIC representatives from around the nation gathered in Las Vegas, Nevada on January 22nd and 23rd to learn the ways of fundraising and grassroots activism. Read more

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