If You’re Not at the Table, You’re On the Menu: Amplify Your Voice with IAPAC

Abstract: Through the Independent Agents Political Action Committee (IAPAC), Big I New York supports and connects with lawmakers who value the insurance industry and advocate for policies that foster a healthy insurance ecosystem. Body: ​As community and business leaders, attending networking events and supporting important causes boosts your visibility, strengthens relationships, and reflects your values and priorities. The same is true in the political arena.Through the Independent Agents Political Action Committee (IAPAC), Big I New York supports and connects with lawmakers who value the insurance industry and advocate for policies that foster a healthy insurance ecosystem.  A strong IAPAC is essential because it gives Big I…

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Beneficial Ownership Information Report Requirement: Are All Insurance Agencies Exempt?

Abstract: The Corporate Transparency Act's exemption from the beneficial ownership information reporting requirement applies to insurance producers of all sizes without regard to the number of employees. Body: ​ Question from a Big I NY member: Was the exemption for licensed insurance producers under the Corporate Transparency Act limited to those agencies with less than twenty employees? There was a Big I article that referenced this exemption threshold, but I could not find this threshold cited elsewhere. We have twenty-two employees so I am trying to determine if we should file a Beneficial Ownership Information report. Thanks.  Answer: The exemption applies to insurance producers of…

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