Association News; Advocacy

Watch: Scott Hobson announces winner of Stack the PAC.​Big I Tri-County comes out on top in the first ever Stack the PAC competition. The competition encourages the local associations to raise money for IAPAC (Independent Agents Political Action Committee). IAPAC is a non-partisan committee established to help protect the industry by supporting the election of state candidates who understand the importance of our profession.Big I Tri-County had 44.4% of its members participate to raise $12,000. In addition to bragging rights, Tri-County takes home a pretty awesome trophy. Source

​​Today, Big I New York filed an appeal in our ongoing legal challenge against the New York State Department of Financial Services (DFS) over the first amendment to Regulation 187, which imposes a "best interest" standard for the sale of life insurance and annuities. We continue to believe this regulation is unwarranted, creates substantial compliance burdens, and will harm consumers by making it harder to obtain affordable life insurance coverage. Big I New York filed our initial legal challenge to the amendment in November 2018, asserting six key arguments, including that the Department exceeded its authority, failed to follow proper rulemaking procedures, and created a…