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Regulation and Compliance > State Regulation

NAIFA Members To Vote On OFC Resolution

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The National Association of Insurance and Financial Advisors is using its 2008 convention to announce several major new alliances.

Members of NAIFA, Falls Church, Va., are converging on San Diego for the meeting.

NAIFA leaders have been expecting members to vote Wednesday on a resolution proposing that NAIFA provide conditional support for the concept of giving insurance industry players the option of choosing between state and federal regulation.

Members also have engaged in several lively discussions of the optional federal charter issue, and NAIFA has enlisted members in an effort to write to the U.S. Securities and Exchange Commission to state their opposition to a plan to categorize indexed annuities as securities.

NAIFA also has announced a pair of alliances with other industry groups.

NAIFA says it will be working with LIMRA International, Windsor, Conn., to offer NAIFA members free access to a monthly online video-based seminar series featuring LIMRA experts.

NAIFA also will be working with the Million Dollar Round Table, Park Ridge, Ill., to get state and local NAIFA chapters access to the Web-based MDRT Speakers Bureau.

NAIFA chapters can use the database to find MDRT experts who can speak about topics such as estate planning, motivation and marketing, NAIFA says.

Instead of asking for speaking fees, the MDRT speakers will ask the NAIFA chapters that use their services to make contributions to the MDRT Foundation, NAIFA says.


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