National Association of Insurance and Financial Advisors

Update: Agent Licensing Reform Passes Senate as Part of Flood Insurance Rate Reform Bill

January 30, 2014

Action Taken: The Senate today passed S. 1926, the  Homeowner Flood Insurance Affordability Act , which provides rate relief for homeowners who cannot afford the new flood insurance rate hikes that resulted from reforms enacted in 2012. Also included in the flood bill is the legislative text of a NAIFA-supported bill known as the  National Association of Registered Agents and Brokers Reform Act  (NARAB II).  In September 2013, the House passed NARAB II by an overwhelming vote of 397 to 6. T...

Update: Federal Judge Upholds Affordable Care Act Premium Subsidies

January 16, 2014

Date: January 16, 2014 Issue: Health Insurance (Premium Tax Credits) Action Taken: On January 15, the Obama Administration avoided a major setback to its healthcare reform efforts on Wednesday when a federal judge upheld an IRS rule allowing subsidies to be distributed to those who buy health coverage on the federal insurance exchange. The availability of such subsidies are “consistent with the text, structure, and purpose” of the  Affordable Care Act  (ACA), the judge concluded. Ba...