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Top News

NARAB Bill Passes Senate

Legislation allowing creation of the National Association of Registered Agents and Brokers (NARAB) has passed the Senate. The bill was added to S. 2244, the Terrorism Risk Insurance Program Reauthorization Act (TRIA) of 2014, by voice vote.

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NAIFA Applauds Congressional Efforts on TRIA Reform Bill Including NARAB II

The House Financial Services Committee today marked up the Terrorism Risk Insurance Act (TRIA Reform Act) including an amendment that would create a National Association of Registered Agents and Brokers (NARAB). NARAB would be a national licensing organization to allow insurance agents to operate in multiple states more efficiently.

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4 Million May Pay PPACA Penalty

Four million people are projected to pay the  penalty for not carrying health insurance next year, about one-third less than previously estimated, after the Obama administration created exemptions from the fine.

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CFFP Publishes New Report on Middle Income Retirement

A new report published by the College for Financial Planning concludes that consumers whose household incomes fall in the middle market range ($30,000 to $100,000) have “an uphill battle” to overcome when planning for retirement: low income, low retirement fund balances, and few assets. The report cites the two greatest factors for middle-income retirement: the stability of Social Security and the health of the retiree.

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46 Texans among 700 nationwide lobbying Congress on tax reform, NARAB II

Last week, more than 700 NAIFA members, including 46 members from Texas, attended the association's Congressional Conference in Washington, D.C.

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DOL Says Fiduciary Proposal Will Come in January 2015 at the Earliest

The Department of Labor has announced that it will not re-propose a fiduciary rule for advisors who sell and service retirement plans until January 2015 at the earliest. DOL did not provide a reason for the delay, but NAIFA along with other industry groups and members of Congress have asked DOL to meet with stakeholders and coordinate with the Securities and Exchange Commission, which is considering an advisor fiduciary rule of its own. DOL needs to ensure that any proposed rule does not increase costs or limit access to investment advice for retirement savers.

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