Watch Live: Big I NY Argues Against “Best Interest” Regulation

On Wednesday, March 10th, counsel for Big I NY will present oral arguments in our ongoing legal challenge to the first amendment to Insurance Regulation 187​. The regulation, which imposes a vague and burdensome “best interest" standard for the sale of life insurance and annuities, fundamentally alters the duty of an insurance producer to the customer and threatens to harm consumers by reducing the availability of affordable coverage. The oral arguments are the final step before a ruling on our appeal.In 2018, Big I NY sued the Department of Financial Services, over the amended regulation alleging that: the DFS overstepped its authority; violated the State Administrative…

Continue Reading Watch Live: Big I NY Argues Against “Best Interest” Regulation

National Legislative Conference

‘Big I Leads the Way’ with a virtual National Legislative Conference on April 13 – 16, 2021. You are invited to register for this important once-a-year event from the comfort of your office or home.       NO COST TO ATTEND!         NO TRAVEL TO WASHINGTON D.C.! Get the latest data on the many legislative, regulatory, and legal challenges we face. Hear from legislators, carriers, and industry leaders. You will receive a wealth of information in just a few days!   Register today.     Register Here!

Continue Reading National Legislative Conference

Advocacy Week in Albany

Our usual annual trip to Albany for Advocacy ‘’Day’ had a different format this year. Instead of driving to and from the capital in one day, we were part of a series of well-planned virtual meetings with our representatives throughout the week of February 22nd  I found this arrangement to be even more effective in educating our legislators about insurance matters and other issues that we, as agents and brokers, face regularly. Perhaps, more importantly, we discussed the effects these issues have on our clients and legislator’s constituents.     Big I NY has had numerous “wins” in the past year, illustrating how effective Advocacy…

Continue Reading Advocacy Week in Albany