Joint Select Committee Presents Significant Challenges

On August 2, President Obama signed into law a bill to raise the federal debt ceiling and cut government spending. Read more

House Financial Services Committee Chairman Bachus Pushes Back on SEC Plan to Propose Fiduciary Rule

House Financial Services Committee Chairman Spencer Bachus (R-AL) has sent a letter to the Securities and Exchange Commission to express concern that they are currently writing a proposed rule to establish a harmonized fiduciary standard for broker-dealers and investment advisers when they provide personalized investment advice to retail investors. Read more

NAIFA Supports FINRA to Examine Investment Advisers

The NAIFA Board has voted unanimously to recommend that FINRA serve as the self-regulatory organization (SRO) to conduct examinations of Securities and Exchange Commission-registered investment advisers. Read more

NCOIL Joins NAIFA in Voicing LTC Concern

On Aug. 4, key leaders of the National Conference of Insurance Legislators (NCOIL) wrote to the U.S. Department of Health & Human Services (HHS) Secretary Kathleen Sebelius expressing concerns similar to NAIFA’s with the newly-created government-run Community Living Assistance Services and Supports (CLASS) plan.  Read more

House Education & Workforce Committee Turns Up Heat on Department of Labor’s Fiduciary Proposal

Assistant Secretary of Labor Phyllis Borzi explained why the Department discounts a major study showing its proposed fiduciary definition would be enormously costly and disruptive to IRA investors. Read more

NAIFA White Paper Examines the Damage Done by the Health Care Law’s MLR Rule

NAIFA has released a new white paper, No Premium on Value: The Health Care Law’s Medical Loss Ratio Brings Dangerous Consequences for Consumers and the Agents Who Serve Them, which explores unintended consequences of the rule requiring health insurance companies to spend 80 to 85 percent of their income from premiums on medical expenses and quality improvements. Read more

U.S. House Committee Holds Hearing on Insurance Oversight

NAIFA Submits Statement in Support of NARAB II

The House Financial Services Subcommittee on Insurance, Housing, and Community Development (Chairman Judy Biggert, R-IL) met on July 28 to discuss numerous state, federal, and international regulatory issues facing the insurance industry. Read more

NCOIL Holds Its Summer Meeting in Rhode Island

Senior Vice President Bill Anderson Represents NAIFA’s Interests

The National Conference of Insurance Legislators (NCOIL) held its Summer Meeting and Seminar in Newport, RI on July 14 – 17, 2011. Read more

PCIP Referral Payment Program Set to Take Effect in September

Effective September 1, 2011, the pre-existing condition insurance plan (PCIP) will pay a $100 referral fee for any qualified referrals to and confirmed by PCIP in the federally administered PCIP states. Read more

Congressional Recess Provides the Perfect Opportunity to Meet with Lawmakers

Members of Congress are now in recess. That means they will be home and looking for feedback and input from constituents who take the time to speak up.  Read more

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