GovTalk is the biweekly email newsletter on important legislative and regulatory issues affecting the life insurance and financial services industry. GovTalk is a member benefit available exclusively to NAIFA members. It informs you how the NAIFA Law and Government Relations team is working to protect your bottom line. Look for GovTalk in your email inbox around the 1st and 15th of each month and read it at your leisure.
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March 15, 2010
- Annuity Tax Added to the Health Reform Debate
- NCOIL Holds Annual Spring Meeting
- NAIFA President Currey on Financial Services Reform
- NAIFA Issues GovAlert to Oppose Kohl Amendment to Over Regulate “Financial Planning”
- NAIFA Applauds House Passage of Agent Licensing Reform Bill
- Proposed Health Insurance Surtax on Unearned Income – Impact on Life Insurance?
- NIPR Announces Its 100 Millionth Licensing Transaction
March 1, 2010
- Health Insurance Antitrust Immunity Repealed by U.S. House of Representatives
- Statutory Pay-Go Now Law
- Producer Compensation Disclosure Moves Forward in New York
- Tax Reform Debate Kicks Off With Bipartisan Tax Reform Plan
- Health Summit Leaves No Clear Path for Enactment
- Obama Health Care Proposal Recommends Hospital Insurance Tax on Annuity Income
- Deficit Reduction Commission Created by President Obama
- CFPA May Hold Jurisdiction Over Retirement Plan Service Providers
- Budget Proposal Puts Restrictions on Business Use of Life Insurance, Internal Value of Variable Life Insurance and Annuities
- DOL Issues New Proposed Investment Advice Regulations
- NAIFA President Responds to New York Times’ Report on Standards of Care
- NAIFA’s Bill Anderson to Speak on NCOIL Panel Regarding Annuity Suitability
- 170 Association Leaders Meet in Las Vegas to Scratch Their Advocacy Itch
- Did you miss the NAIFA webinar “New Health and LTC Regulations - Are You (and Your Clients) Compliant?” on February 25? Did you know you can find the entire presentation on NAIFA’s website?
February 1, 2010
- State of the Union Address Stresses Deficit Reduction, Jobs Creation
- Health Reform on Life Support, but Refuses to Die
- Senate Approves Statutory Pay-Go Rule
- NAIC Picks 2010 Committee Leaders
- Joint Committee Releases Updated Tax Expenditure Report
- New Jersey Enacts Producer “Quality Assurance” Law
January 2010 SPECIAL EDITION
- NAIFA Government Relations: Wins and Accomplishments Through 2010
December 15, 2009
- SEC Agrees to Delay Implementation of 151A
- NAIFA-New York State, NAIFA & AALU Send Thousands of Messages to Insurance Department, Key Legislators to Stop New York Proposal
- Health Reform Remains a Heavy Lift
- NAIC Holds Its Winter National Meeting in San Francisco
- NAIFA Adopts Policy Opposing Securitization of Life Settlements
- NAIFA Consultants Analyze House-Passed Financial Services Overhaul Legislation
- NAIC’s A Committee Close to Concluding Work on Annuity Suitability
- The American College Holds Webinar to Discuss Legislative, Regulatory Environment in Washington
December 3, 2009
- House Passes Estate Tax Extension Coupled with Statutory “Pay as You Go” Budget Rules
- Health Reform Delivers Pills for P&C Agents
- NCOIL Holds Its 2009 Annual Meeting
- NAIFA-New York State, AALU Launch Grassroots to Stop New York Proposal
- Final Year End IFAPAC Fundraising Push
- White House Tax Reform Panel Delays Report
- NAIC Hopes to Finish Work on Annuity Suitability at December Meeting
- Treasury/IRS Release Annual Guidance Plan
- NAIFA Supports Creating Federal Insurance Office
- New Video Explains NAIFA Advocacy
November 16, 2009
- Senate Leader Releases Draft Regulatory Reform Proposal
- CMS Considers New Enrollment Demo Project
- IRS Launches Major Audit of 6,000 Companies
November 2, 2009
- Investment Advice Bill: Deadline for Ways and Means Committee Action Moved Back Slightly
- NAIFA-NYS, NAIFA & AALU Seek Meeting with Gov. Paterson on Commission Disclosure
- Speaker Pelosi Reveals Merged House Health Reform
- Back the PAC Day – A Stellar Success!
- House Financial Services Focuses on Financial Stability Improvement Act, Systemic Risk Regulator
- Pennsylvania Insurance Department Seeks to Liquidate Penn Treaty
- Partners for Advocacy – New Promotion Advances
- NAIFA Convention Post Script
- NAIC Continues to Revise Annuity Suitability Model Regulation
- NAIFA Members Participate in Fall IMPACT Meeting
October 19, 2009
- 2009 Tax Agenda in Congress Approaches End Game Stage
- NAIFA-New York State and NAIFA Meet with New York State Insurance Department on Disclosure
- Health Reform FAQ
- California Enacts Legislation Curbing STOLI
- NAIFA/Tax Coalition Addresses President’s Economic Recovery Advisory Board on Tax Policy
- Insurance Company Analysis of Senate Finance Committee Health Bill Raises Threat of State Regulation Backlash
- Health Care Bill Give Hints of Future Tax Policy Direction of This Congress
- Ways and Means Committee to Consider Three More Tax Bills This Year
- NAIFA Re-Appointed to Interstate Compact Industry Advisory Committee
- NAIFA Responds to Media Misinformation About COLI and NAIFA’s IFAPAC
October 1, 2009
- Senate Finance Committee Crafts its Version of Health Reform
- Life Settlements See Increased National Attention
- NAIC Hard at Work at Annual Fall Meeting
- Tax Reform: White House Panel Seeks Ideas, Rangel Proposes Lower Corporate Rate
- Convention Article
- Obama Administration Proposes New Initiatives for Retirement Security
- NAIC Continues Work on Model Regulations
- Congressional Committee Holds Series of Hearings on Financial Services Regulatory Reform
- Estate Tax: Congress Prepares to Kick the Can Down the Road
- Section 529 College Savings Plans-Biden Task Force Recommends Improvements
- Consumer Complaints About Insurers Focus on Payment of Claims
SPECIAL EDITION
- NAIFA Government Relations: Wins and Accomplishments for 2009
- Join Your NAIFA GR Team in Orlando
August 17, 2009
- August Advocacy Needs You
- Senate Committee Holds Hearing to Examine Regulation of Insurance
- NAIFA Continues to Enhance Relationship with SEC and FINRA; Meets with FINRA Chairman
- Court of Appeals Sends Rule 151A back to SEC for Further Consideration NAIFA
- North Carolina Instrumental in Keeping Premium Tax Increase Out of State Budget
- Medigap Changes Q&A Available
- NAIFA to SEC: Changes to Custody, Outside Business Activity Rules will Impose Unnecessary Burdens on Producers
- Government Relations Department to Host Grassroots/Grasstops Training at NAIFA Convention in Orlando
- FINRA Notice Reminds Broker-Dealers of Responsibilities in Variable Life Settlements
- NAIFA Government Relations: Working For You and With You
July 20, 2009
- Chairman Frank Formally Introduces CFPA Legislation
- New York Insurance Department Releases New Draft of Producer Compensation Transparency
- Energy and Commerce Committee Hears Testimony on Administration’s CFPA Proposal
- NAIFA Members: You Are Making a Difference!
- Senate Adopts Life Insurance Awareness Month Resolution
- House Hears Securities Industry Perspective on Administration’s Reform Proposals
- Missouri Joins the Interstate Insurance Product Regulation Compact
July 1, 2009
- Health Reform Heavy Lifting Begins After July 4
- Key Tax Writers Weigh In On Health Insurance Payfors
- Who Will Pay for Healthcare Reform?
- NAIC Holds Summer Meeting in Minneapolis
- House Committee OKs Investment Advice Rollback and 401(k) Fee Disclosure Bill
- House Committee Holds Hearing Examining Consumer Protection and Financial Product Regulation
- NAIFA Offers Political Survival Training
June 15, 2009
- Crunch Time for Healthcare Reform
- NAIFA President Cliff Wilson Meets With White House Officials on Regulatory Reform
- NAIC Considers Changes to Suitability in Annuity Transactions Model Regulation
- Reps. Meeks, Price Introduce Bill to Overturn SEC Rule 151A
- Senate Aging Committee Chairman Introduces Long-Term Care Insurance Bill
- 401(k) Fee Disclosure Developments: New Bill, Subcommittee Mark-Up
- Reps. Pomeroy and Brown-Waite Introduce Bill Providing New Lifetime Annuity Tax Incentives
- Anti-STOLI Momentum Continues as States Enact Laws to Protect Seniors
- FINRA Requests Comments on Expanding Suitability Obligations
- Subscribe to NAIFA’s Capwiz Site to Stay Informed
June 1, 2009
- Insurance Information Act Reintroduced in House
- Finalization of Investment Advice Rules Delayed Again
- Mark Your Calendars and Book Your Flights for the July 15 Health Fly-In
- The District of Columbia Insurance Department to Consider Commission Disclosure
- Struggling Employers Win Relief From Required 401(k) Safe Harbor Plan Contributions
- NAIFA, NAIFA-Wisconsin Submit Comment Letter on Senior Protection Act of 2009
- IRS Releases Guidance on Employer-Owned Life Insurance Contracts
May 15, 2009
- New Detail on Administration Budget Tax Proposals
- NAIFA Meets with Top SEC Official
- Lounds Nominated for Children’s Health Insurance Program Working Group
- Maryland Insurance Department to Consider Commission Disclosure
- Senior Vice President Bill Anderson Represents NAIFA at NAIC E-Reg Conference
- Senate Banking Committee Holds Hearing on Institutions “Too Big to Fail”
- StateChat Helps State Associations Share Vital Information
- NAIFA Leaders Answer Tough Questions
- Lawmakers Need Better Understanding of Advisor-Client Relationships
- May 1 GovTalk Poll Results
- Did You Know…?
- Look What People Are Saying
May 1, 2009
- NAIFA to SEC: Reject FINRA’s Proposed Changes to Forms U4 and U5
- Estate Tax Lines Up as High Profile, Pressing Tax Issue
- Key Representatives Introduce LTC Bill
- SEC Approves FINRA Revisions to Rule 2821
- NAIFA, NAIFA-New York State Discuss Producer Compensation Transparency with New York Insurance Department
- House Committee Kicks Off 401(k) Reform Initiative
- IRS Releases Draft Revenue Procedure and Sample Plan Language for 403(b) Prototype Plans
- Tax-Based Savings Recovery Plan Offered by House Republicans
- Finance Committee Outlines Potential Reform Options
- Efforts to Stop STOLI Gain Momentum as Arkansas, Washington State and North Dakota Enact Anti-STOLI Legislation
- MA First Year Commission Payments Delayed
- New Mexico Becomes Latest State to Join Interstate Insurance Product Regulation Compact
- “Relationship Building” Occurs During April Congressional Recess
- Did You Know…?
April 1, 2009
- Budget Process in Congress Casts Shadow Over Health Care and Income and Estate Tax Issues
- Senior Vice President Bill Anderson Represents NAIFA at NAIC Spring Meeting
- Treasury Secretary Geithner Testifies Before House Panel
- NAIC Expresses Support for Treasury’s Resolution Authority Proposals
- Senate’s Key Tax Writer Proposes Permanent Extension of Estate Tax Rules and Popular Tax Breaks
- Beaver State Members Dam Legislation
- Obama Tax Reform Panel Takes Shape
- Reps. DeFazio and Taylor Introduce Legislation to Repeal the Insurance Industry’s Antitrust Exemption
- NAIFA Outside Consultants Present Thought Piece on Implications for Life Insurance Trust in Estate Tax Reform
- Mississippi Becomes Latest Member of Interstate Insurance Product Regulation Compact
- NAIFA Members Lead St. Patrick's Day Parade on Capitol Hill
- StateChat Helps State Associations Share Vital Information
- Look What People Are Saying:
- Did You Know. . .
March 16, 2009
- Legislation in the Beaver State Gnaws at Inside Buildup
- Senior Vice President Bill Anderson Presents PLMA Analysis, Covers Other Issues Addressed at NAIC Spring Meeting
- Leading U.S. Senators Introduce Legislation Creating Financial Products Safety Commission
- New York Discusses Proposes Regulation of Producer Compensation Transparency
- Regional White House Health Forums
- U.S. Senate Banking Committee Holds Hearing on Regulation of Securities Markets
- Study Released by NAIC Demonstrates Lack of Insurance Knowledge in Consumers
- “Advocacy Best Practices” Features NAIFA-Texas System for Tracking Legislation
- NAIFA’s Advocacy Staff Makes It Easy for You to Know Who to Contact on Issues
- Did You Know…?
- March Advocacy Survey Result
March 2, 2009
- Obama Budget Includes Health Reform Funds, Income-Based Taxes
- The Life Insurance Industry: Working Together to Help Protect American Families: A Letter from NAIFA President Cliff Wilson
- Comparative Effectiveness Creates Concerns
- ACLI Board of Directors Announces Policy Principles on Regulatory Reform
- FINRA Names Richard Ketchum as New CEO
- IFAPAC/APIC Annual Meeting Rekindles Advocacy Message
February 17, 2009
• ARRA Imposes Executive Compensation Restrictions on TARP Participants
• Treasury Department Releases Outline for Financial Stability Plan
• Court Grants Expedited Review for Challenge to SEC Rule 151A
• Investment Advice Regulations Likely Extended Sixty Days
• Florida Insurance Department Issues Lengthy Report Critical of STOLI
• New York Insurance Department Releases Draft Compensation Disclosure Proposal
• Financial Services Re-regulation and the Impact on NAIFA and the Insurance Industry
• NAIFA Advocacy Launches Its “Best Practices” Website
• NAIFA’s Government Relations Team Welcomes New Members
February 2, 2009
- Investment Advice Regulations “Finalized” by Department of Labor
- NAIC Decides Against Easing Reserve Requirements for Life Insurance Companies
- NAIFA Responds to U.S. Senate Aging Committee Request for Information on STOLI
- Members of Congress Call on Secretary Geithner to Create Federal Office of Insurance Expertise
- Gender-Based Pay Discrimination Lawsuits Get Easier
- U.S. Senate Committee Holds Hearing on GAO Report and Financial Crisis
- Terri Vaughan Named NAIC’S New CEO
- The Hartford’s Neal Wolin Accepts Position as Obama’s Deputy Counsel
- Look What People Are Saying
- Did You Know?
January 15, 2009
- Congress Shapes Details of Economic Stimulus Bill Behind the Scenes
- NAIC Considers Proposals to Ease Reserve Requirements for Life Insurance Companies
- CBO Outlines Significant Health Insurance Tax Rule Changes
- Slumping Economy Leads to Growing State Budget Deficits
- Senate Majority Leader Introduces “Sense of the Congress” Outline of Economic Stimulus Legislation
- Government Accountability Office Calls for Congress to Consider OFC
- NAIFA Outside Counsel Scott Sinder of Steptoe & Johnson Looks at Insurance Regulatory Reform in the 111th Congress
- House “Pay as You Go” Rules Pose New Challenges in Protecting Insurance
- NAVA Hosts Seminar to Improve Automated Annuity Sales
- IFAPAC’s Contributor Matching Program Ends the Year with a Bang
- Partying With Daschle
