Skip Ribbon Commands
Skip to main content
OurPositions: default

Legislative Positions

Here are our legislative team's priorities for the year ahead in Albany and Washington, DC.


Want to help us push these issues?



Kathy Weinheimer, CPCU,AAI
Kathleen WeinheimerSenior Vice President of Industry Relations
P: 800-962-7950
F: 888-432-0510





Additional Priorities Outlined in the 2014 Legislative Position Paper:
Hea​lth Insurance

IIABNY supports agent involvement in the state’s health benefit exchange
and receipt of fair compensation for their services.

Excess & Surplus Lines Market

IIABNY supports changes to the Excess Lines law to facilitate the ease of doing business.

Modernization of Outdated Insurance Law & Regulation

IIABNY supports changes to insurance regulations that allow producers to maintain premium trust accounts in out-of-state banks.

IIABNY supports changes to the rules requiring specific approval from insurance companies for agents and brokers to hold fiduciary funds in an interest-bearing account.


"Where We Stand" 2014 »

Agent Licensing Reform
  • The Big “I” strongly supports legislation to streamline the nonresident licensing of agents and brokers to allow them to better serve insurance consumers. This legislation, H.R. 1155, was introduced in March 2013 by Insurance Subcommittee Chairman Randy Neugebauer (R-Texas) and Rep. David Scott (D-Ga.) in the House.

    The companion bill, S. 534, the “National Association of Registered Agents & Brokers Reform Act” (NARAB II), was introduced in April 2013 by Sens. Jon Tester (D-Mont.) and Mike Johanns (R-Neb.) in the Senate. The House passed H.R. 1155 by a 397–6 vote in July 2013. The Senate passed the legislation as part of a separate flood insurance bill in January 2014. The legislation has the support of the major insurance industry stakeholders and has been endorsed by the National Association of Insurance Commissioners (NAIC). NARAB II would increase consumer access to insurance markets and allow agents and brokers operating on a multi-state basis to avoid duplicative licensing requirements while maintaining important consumer protections.
Terrorism Insurance
  • The current authorization for the Terrorism Risk Insurance Act (TRIA) program expires on Dec. 31, 2014. IIABA urges Congress to work toward enacting an extension of this program as soon as possible in order to continue protecting our country’s economic security against the threat of terrorism.

    As such, the Big “I” supports H.R. 508, the “TRIA Reauthorization Act of 2013,” by Reps. Michael Grimm (R-N.Y.) and Carolyn Maloney (D-N.Y.), which would provide a five-year reauthorization of this important program. As the legislative process moves forward in both chambers, IIABA looks forward to working with the committees of jurisdiction on their proposals to bolster the commercial property-casualty market for terrorism insurance.
Tax Reform
  • The Big “I” is generally encouraged by continued discussions of a broad tax code reform effort. If any such proposal moves through the legislative
    process this Congress, IIABA urges Congress and the Obama Administration to address individual rates along with corporate rates because many of IIABA’s small business members file individually as pass-through entities.

    Any efforts to create an imbalanced tax regime between individuals, small businesses and corporate entities, or to finance a reduction in rates for large corporations on the backs of small businesses will be strongly opposed by the IIABA. The Big “I” is concerned by the direction and precedential nature of portions of the draft bills penned by the tax-writing Committees this Congress.
Insurance Regulation
  • In 2010 the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) was signed into law. While most of the law applies to banks, securities firms and other financial institutions, there are some elements of the law that have an impact on the insurance market.

    The Big “I” is committed to working with the appropriate federal agencies, state regulators and Congress to ensure that the implementation of these provisions does not inappropriately intrude upon state regulation of insurance or place an undue burden on independent agents and brokers, the companies with which they work or the consumers agents serve. Furthermore, the recent Federal Insurance Office (FIO) report on insurance modernization specifically did not call for a major overhaul of insurance regulation.