Legal and Compliance

Two Texas district courts issued stays on the rule, which was scheduled to take effect Sept. 23 and would expand the meaning of “fiduciary” under the Employee Retirement Income Security Act (ERISA).

Two lawsuits seek to block the Federal Trade Commission (FTC) ban on noncompete agreements from taking effect as scheduled on Sept. 4.

It is important for every member agency, as well as state associations, to evaluate current employees to determine if they are eligible for overtime pay.

The Big “I” government affairs team released a video explaining the rule, its effect on independent agents and the current state of play.

The Department of Labor (DOL) announced a final rule that will subject the financial services industry to new requirements designed to protect retirement investors from receiving bad or self-interested investment advice.

Independent insurance agents who are considering the impact of the new regulation on their agencies and firms should consider some of the rule’s key elements and certain revisions that were incorporated in the final text.

The legislation would establish national standards for data privacy and security, requiring certain entities to be transparent about how they use data and give consumers the right to access, correct, delete and export their data.

Rep. Josh Gottheimer (D-New Jersey) spoke to Big “I” members to discuss the political climate on Capitol Hill, as well as progress on key Big “I” legislative priorities.

Rep. Ritchie Torres (D-New York), spoke to Big “I” members about the importance of civil discourse in politics, reaching across the aisle for the good of the country, and building and leveraging relationships.