{"id":22904,"date":"2020-11-18T13:32:54","date_gmt":"2020-11-18T18:32:54","guid":{"rendered":"http:\/\/www.gunpoliticsny.com\/?p=22904"},"modified":"2020-11-18T13:32:54","modified_gmt":"2020-11-18T18:32:54","slug":"nra-settles-carry-guard-case-with-new-york","status":"publish","type":"post","link":"http:\/\/www.gunpoliticsny.com\/?p=22904","title":{"rendered":"NRA settles Carry Guard case with New York"},"content":{"rendered":"

NRA<\/a> has been maintaining the actions taken by New York State against it<\/a> are nothing more than a political witch-hunt.<\/p>\n

No doubt there are many local politicians who are looking for an excuse to go after the Corporation. Problem for them (NRA) is that NRA gave them reasons to start an investigation<\/a>:<\/p>\n

“The National Rifle Association (NRA) has agreed to halt insurance business in New York for five years and will pay a $2.5 million fine over charges related to that work … The agreement resolved charges related to the NRA\u2019s relationship with insurance broker Lockton Cos<\/a>, which sold over 28,000 NRA-endorsed policies. Among the plans offered was the \u201cCarry Guard<\/a>\u201d program … the NRA allegedly received over $1.8 million in associated royalties and fees and ultimately kept between 13.67 percent and 21.92 percent of premiums paid. \u201cThe NRA operated as an unlicensed insurance producer and broke the New York Insurance Law by soliciting insurance products and receiving compensation<\/a>,\u201d said Superintendent of Financial Services Linda Lacewell …”<\/em><\/p><\/blockquote>\n

This is just dumb.<\/p>\n

It is clear that nobody<\/strong> at NRA did any sort of due diligence before offering Carry Guard in the state. I’m not in the business but even I know that the insurance industry is heavily regulated, especially in New York. There is no excuse for this. They have wasted millions of member’s dollars on fines, attorney fees and stupid lawsuits<\/a> over this nonsense.<\/p>\n