Members of NAIFA’s New York chapter (NAIFA-NY) held a virtual meeting with officials from the state Department of Financial Services (DFS). State President Gary Cappon, CLU, LUTCF, RICP, FSCP, CLTC, provided introductions and a brief rundown of NAIFA’s advocacy work and support for the agent and advisor community and the consumers they serve. He also discussed challenges with financial product availability in the state. President-Elect Vinny Dallo, ChFC, CLU, CLTC, LUTCF, and Vice President of Advocacy Paul Sciacca presented “A Day in the Life of a Financial Professional,” highlighting how NAIFA members serve families and businesses in the state.
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NAIFA-New York's 2022 Legislative Day was a resounding success! NAIFA members gathered in person in Albany on May 3-4 for a day of education, networking, and advocacy. Our members were joined by more than 30 legislators, as well as our partners at The Life Insurance Council of New York.
Thank you to all who showed up to represent our clients, our businesses, and our industry!
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Please join DFS for a Cybersecurity Symposium in honor of the 5th anniversary of New York's Cybersecurity Regulation (23 NYCRR Part 500) and help us spread the word to your respective members.
The Symposium will take place virtually over the course of three Tuesday mornings, in March, April, and May. You can register for each of these events at:
Topics: Legislation & Regulations
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Opposition to Nomination of Acting Superintendent Harris
Twenty-five New York-based organizations called on Governor Hochul to rescind her nomination of Adrienne Harris for Superintendent of the Department of Financial Services (“DFS”). Their statement stated, in part, that:
Topics: Legislation & Regulations New York
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New CE Requirements
Take note that the Department of Financial Services (“DFS”) has finalized its regulation which as been in the works for some time regarding heightened continuing education for agents and brokers. The revised regulation now requires enhanced flood insurance education for insurance producers who sell flood insurance through the National Flood Insurance Program. In addition, DFS is the first state regulator to require
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As we last reported, on August 31, Governor Hochul announced that that Adrienne Harris was been nominated as Superintendent of Financial Services. Acting Superintendent Harris began work at the Department earlier this month.