WASHINGTON — Some of the world's top producers belong to the National Association of Insurance and Financial Advisors (NAIFA), and they have been spending the day going door to door in the halls of Congress, trying to win support for NAIFA legislative priorities.

NAIFA, Falls Church, Va., capped off its annual meeting by sending members to Capitol Hill to lobby for relief from a Patient Protection and Affordable Care Act minimum medical loss ratio provision that has been blamed for cutting individual and small group health insurance producer commission rates by as much as 50%.

NAIFA members also have been lobbying to keep the U.S. Securities and Exchange Commission from replacing the suitability standard of care that now applies to broker-dealers with a fiduciary standard, and they have been defending the current tax treatment of life insurance death benefits and the "inside buildup" of cash value inside permanent life insurance policies.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.