{"id":21168,"date":"2020-02-09T18:36:04","date_gmt":"2020-02-09T23:36:04","guid":{"rendered":"http:\/\/www.gunpoliticsny.com\/?p=21168"},"modified":"2020-02-09T19:36:41","modified_gmt":"2020-02-10T00:36:41","slug":"new-york-wants-14-million-fine-from-nra","status":"publish","type":"post","link":"http:\/\/www.gunpoliticsny.com\/?p=21168","title":{"rendered":"New York wants $14 million fine from NRA"},"content":{"rendered":"

Reuters reports<\/a>:<\/p>\n

“New York\u2019s financial regulator on Wednesday filed civil charges accusing the National Rifle Association<\/a> of offering insurance to its members without a license and concealing how it routinely kept some of their premiums for itself. The state Department of Financial Services<\/a> plans to seek civil fines and other remedies from the gun rights group at an April 6 hearing … Wednesday\u2019s charges focus mainly on the group\u2019s alleged ties since 2000 to insurance broker Lockton Cos<\/a>, including the sale of 28,005 policies to New Yorkers and the NRA\u2019s receipt of more than $1.8 million in associated royalties and fees. Lockton\u2019s policies included the NRA-branded \u201cCarry Guard,\u201d<\/a> which the regulator said offered policyholders unlawful liability coverage, including for criminal defense costs and \u201cintentional\u201d conduct in shooting incidents …”<\/em><\/p><\/blockquote>\n

It is my understanding DFS wants to fine NRA $500 per incident, so $500 x 28,005 = $14,002,500<\/strong>.<\/p>\n