Executive Order Mandates Reexamination of Short-Term Health Care Coverage Limits

October 12, 2017

The White House has issued an Executive Order (EO) directing the Department of Labor (DOL) to implement rules and regulations permitting small business as well as individuals to purchase health insurance coverage through association health plans (AHPs). The EO would also direct the DOL and the Internal Revenue Service to reexamine a regulation implemented under the previous administration that restricts short-term health insurance coverage to 90 days with no option for renewal.    “NAIFA ...

NAIFA Letter to Rep. Sinema Lauds Legislation to Protect Senior Investors

October 10, 2017

NAIFA President Keith Gillies has sent a letter to Rep. Kyrsten Sinema (D – Ariz.) supporting the Senior Safe Act of 2017 (H.R. 3758) , sponsored by the congresswoman.   The legislation would allow agents and advisors to report suspicious financial activities involving accounts of the senior citizen clients to financial institutions, which would evaluate the activities and, if appropriate, report them to proper authorities. NAIFA has worked with Rep. Sinema and other members of Congres...

NAIFA Supports PASS Act Introduced by Rep. Wagner

October 4, 2017

Rep. Ann Wagner (R-Mo.) last week introduced the Protecting Access for Small Savers Act (PASS Act) that would repeal the Department of Labor’s rule establishing a fiduciary standard for advisors working with retirement investors and establish a standard of conduct for all broker-dealers that would be enforced by the Securities and Exchange Commission.   “NAIFA supports Representative Wagner’s legislation,” said NAIFA CEO Kevin Mayeux. “Studies and surveys by NAIFA and other organizati...