The new "best interest" standard for life insurance in New York Insurance Regulation 187 takes effect tomorrow. While Big I New York proceeds with its legal action against this change, insurance agents must comply. [embedded content] Big I NY Regulation 187 page Source
Today, Big I NY joined a broad group of employer associations, chambers of commerce, and health plans in calling on the Medicaid Redesign Team (MRT) not to consider any new taxes or fees on private health insurance plans. New York State is currently facing a $4B Medicaid deficit. In response, Governor Cuomo has announced a new MRT, similar to the MRT created in 2011 by executive order. The MRT will be tasked with closing the funding shortfall. Big I NY is concerned that the MRT could look to increasing taxes on health insurance plans as a way to raise revenue. New York already collects more than…
Registration for the next Agents Council for Technology Meeting, to take place on April 22 in Orlando, Florida, is now open. The meeting will be held immediately after the HawkSoft User Group (HUG) 2020 National Conference at the Rosen Centre Hotel in Orlando. Attendance is free for all Big "I" members, as well as supporting ACT carrier, vendor, user group and association members. Registration also details hotel and travel information. You don't have to be a tech expert to attend—it's your input on workflow improvements that are crucial to the conversation. Every ACT meeting is focused on providing education via an engaging and interactive agenda. Topics include:…