NAIFA-New York State Works With State to Make Regulation 60 Less Burdensome for Advisors and Consumers

January 23, 2015

The New York State Department of Financial Services’ Regulation 60 is a well-meaning measure designed to protect consumers against unwanted or unnecessary replacements of existing life insurance or annuity policies. In practice, however, it has forced consumers (and their advisors) who are certain they want to replace their policies to jump through regulatory hoops and endure lengthy, unnecessary delays. Fortunately, an amendment to the regulation supported by NAIFA-New York State will go ...

NAIFA's Nichols: "Time Is Right" for NARAB II

July 17, 2014

NAIFA President John Nichols comments on TRIA and NARAB: “We are pleased the Senate has advanced the Terrorism Risk Insurance Program Reauthorization Act of 2014 (TRIA Reform Act) that includes an amendment that would create the National Association of Registered Agents and Brokers (NARAB) . While leaders in the House continue discussion over TRIA, it is our hope they will be able to pass something in the near future so the House and Senate can finalize both TRIA and NARAB this year....