NAIFA Member

NAIFA-Iowa focused its efforts on encouraging passage of the Iowa version of the Senior Safe Act. Our goal was to provide protections for advisors so they could encourage review of transactions identified as possible exploitation of the Senior members of our communities. The Insurance Commissioner of Iowa, members of NAIFA-Iowa, the Iowa Bankers Association and other interested parties have been shaping this legislative effort over the past three years. Our hope is that this action will protect our elderly clients and not create undue burdens for advisors as they work with their clients and families in Iowa.     
   
Following the NAIFA Day on the Hill on March 23, the House scheduled and debated House File 839, legislation dealing with financial exploitation of elders, and passed the bill 96-0. That legislation is now attached to its companion bill, SF 583 and it awaits Senate action on the Appropriations Calendar. The Iowa Senate companion bill, SF 391, has been approved by a subcommittee in the Senate and will move to the full Commerce Committee for a vote. Senate Appropriations Committee Chair and NAIFA member, Senator Kraayenbrink, voted to support the bill

Due to the Covid restrictions, we modified our usual Day on The Hill effort.  This year NAIFA Iowa offered legislators an early morning opportunity to share orange juice, coffee, breakfast burritos, and conversation with our Iowa Patriot Club members. We were able to refresh established relationships, as well as make new friendships with several of the freshman House and Senate members as they made their way up the stairs to the opposite chambers of the Rotunda.

Small groups of 4-6 members met with House and Senate leadership to discuss NAIFA Iowa’s priorities.  Specifically, we asked for support for the passage of the Senior Safe Act in the 2021 legislative session.  Additionally, we reminded legislators of the importance of promoting health insurance choices, expanding opportunities to fund education, building stronger retirement choices, and broadening opportunities for Iowans to contribute to charities. We also began laying the groundwork for future conversations about state-wide financial literacy issues while reminding legislators of the importance of not passing laws or rules that restrict Iowans from being able to work with financial advisors.  

Barry Delp, Grassroots Chair, NAIFA-Iowa
Craig Adamson, IFAPAC Chair, NAIFA-Iowa

State advocacy is among part of NAIFA's critical mission to ensure policymakers in every state capital understand the important role of insurance and financial professionals in providing financial security and prosperity to families and small business in communities across the United States. 

Ladies, start 2021 out right by joining us for Women's Wine Down Wednesday on Wednesday, January 6th. NAIFA-Iowa Women are gathering the first Wednesday of each month from 4:00-5:00 PM for Women's Wine Down Wednesday. Please join us to connect, socialize, and learn from one another.

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NAIFA-Iowa Women are gathering the first Wednesday of each month from 4:00-5:00 PM for Women's Wine Down Wednesday. Please join us to connect, socialize, and learn from one another. Our inaugural event will be Wednesday, December 2nd.

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Iowa is one of three states to have adopted the Suitability in Annuity Transactions Model Regulation recently amended by the National Association of Insurance Commissioners (NAIC). NAIFA is urging other states to adopt the NAIC model, which would enhance consumer protections while ensuring agents and advisors are able to effectively continue serving consumers in Iowa.

I am happy to report that NAIFA-Iowa welcomed more new members in April than the first three months of 2020 combined! This shows how absolutely essential NAIFA
membership is to the long-term success of our industry. Now, more than ever, advisors around the state are stepping up and doing the right thing to support the association that makes sure our industry is safe from bad legislation.

Change is never easy, and as Gil Atkinson’s said, “Change is inevitable. It’s the direction that counts.” As we are already through the first quarter of 2020, it’s hard to believe we have experienced this much change. Starting in 2020, the traditional locals evolved into some Affiliates and some into Chapters. Things continue to change and move forward. These are new times for NAIFA-Iowa. Exciting times!