NAIFA Statement to Congressional Committee Promotes a Strong Best Interest Standard

March 14, 2019

NAIFA supports a standard requiring securities-licensed firms and financial professionals to act in the best interests of their clients and believes the SEC is the proper regulatory agency to enact and enforce the standard. This was the main message of a written statement NAIFA President Jill Judd submitted to the U.S. House Committee on Financial Services to be a part of the record for today’s Subcommittee on Investor Protection hearing on the proposed SEC Best Interest Rule.   ...

NAIFA Concerned About Unintended Consequences of Proposed Fiduciary in Maryland Bill

March 13, 2019

The National Association of Insurance and Financial Advisors (NAIFA) joins its Maryland chapter (NAIFA-Maryland) in urging the Maryland legislature to reject provisions in the Financial Consumer Protection Act of 2019 ( Senate Bill 786 and House Bill 1127 ) that would impose a fiduciary duty on all financial professionals in the state.   NAIFA-Maryland President Brian Jolles will testify March 13 at a legislative hearing on the bill in Annapolis. He will discuss the potential harmful ...

NAIFA and Industry Partners Brief Members of Congress on Retirement

March 11, 2019

Judi Carsrud, NAIFA’s assistant vice president for government relations, was a featured presenter at a Capitol Hill briefing today on retirement and related legislative issues for new members of Congress and their staff, as well as returning members of the Ways & Means and Education & Labor committees. Along with representatives from allied industry groups, Carsrud informed lawmakers on the importance of retirement planning, the vital role insurance and financial advisors play in helping w...

NAIFA-Indiana Video Promotes Day on the Hill Success

March 8, 2019

NAIFA-Indiana has used funding from a NAIFA Capital 50 Fund grant to produce a video promoting the state chapter’s recent Day on the Hill at the statehouse in Indianapolis.   The video offers scenes from the Day on the Hill event and testimonials from NAIFA members who have been politically active for years, a NAIFA member attending his first Day on the Hill event, and prospective members invited as guest to learn about NAIFA’s advocacy. There is also a statement by the state chapter’...

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NAIC Urges States to Stop Misleading Sales Practices of Certain Medigap Policies

March 5, 2019

The National Association of Insurance Commissioners (NAIC) will soon issue a bulletin to advisors and state insurance departments urging state regulators to discipline advisors who make misleading statements to consumers regarding the sale of certain Medigap policies.  Specifically, the NAIC is concerned that some agents are falsely stating to Medigap C and F policyholders that somewhat recent changes in federal law will cause their plan premiums to increase significantly and that the policyh...