News

Congress is expected to pass a bill to fund the government through the end of the fiscal year, which also includes authorization for continued operation of the NFIP through July 31.

On March 15, the U.S. Court of Appeals for the 5th Circuit vacated the entire U.S. Department of Labor fiduciary rule. The Big “I” is pleased with the decision as the association opposes the rule.

The changes, which apply to the FY2019 WYO Arrangement effective Oct. 1, include, among other things, eliminating the WYO non-compete and revising the methodology for calculating WYO compensation, which is used to pay agent commissions.

Yesterday, the U.S. Senate passed legislation which modifies provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and other laws governing the financial industry, including international insurance regulatory issues.

House Democratic Whip Steny Hoyer (D-Maryland) will address Big “I” members on Thursday, April 19 during the annual Legislative Conference Breakfast.

Earlier this week, the Big “I” sent a letter to the Department of Labor regarding a proposed rule intended to expand access to association health plans. Big “I” members have conflicting views on the regulation.

Big “I” Chairman Vaughn Graham was in Washington, D.C. last week meeting with members of Congress, laying the groundwork for the upcoming Legislative Conference.

U.S. Senate Majority Leader Mitch McConnell (R-Kentucky) will address Big “I” members during the annual Legislative Conference Breakfast on Thursday, April 19.

The Big “I” government affairs staff outlines the key topics that agents will take to Capitol Hill during the annual Legislative Conference, to take place April 18-20 in Washington, D.C.

The regulation would essentially reverse a rule the Obama Administration issued in 2016 which put restrictions on short-term limited duration health insurance.