Congratulations to State Sen. Chris Gebhard, prime sponsor of SB 1241. The bill was signed by Governor Shapiro, making it Act 142 of 2024. The bill eliminates the pre-licensing education requirements for individuals taking the exam for state insurance producer licenses. It also institutes a requirement for 3 hours of Ethics continuing education and 2 hours of flood insurance for Property and Casualty agents. The bill becomes effective in 180 days and licensees have additional time to get the required courses in their license cycle. NAIFA-PA members lobbied in favor of the bill at their recent Day on the Hill in Harrisburg.

NAIFA-PA looks forward to returning to Scranton for its Legislative Breakfast, to be held at the Scranton Radisson Lackawanna Station Hotel, in March of 2025. Moderated by the indefatigable Walter Mitchell, the Breakfast has proven to be entertaining and informative for legislators and NAIFA members alike. Don't miss it!

NAIFA-PA Members came to Harrisburg recently for the annual Day on the Hill festivities. Members visited numerous legislators and staff and heard from NAIFA National President Tom Cothron and PA Insurance Commissioner Michael Humphreys. They also honored Kent Bennett for his lifetime of service to IFAPAC and to political action. Thanks to Greenlee Partners for their assistance with the event. Pic: Members catch up with State Rep. Brandon Markosek in his capitol office.

The Pennsylvania House Commerce Committee reported out the "Keystone Saves" bill, HB 577, by a 12-9 vote this week. The bill would establish an automatic payroll deduction IRA, administered by the Commonwealth of Pennsylvania through payroll deductions by employers. NAIFA-PA has been working to defeat the bill, with State President Tracy Russo-Keesey, writing to committee members asking them to consider improvements to  retirement options made by the U.S. Congress in the SECURE 2.0 Act and pointing out the questionable track record of other states in offering similar programs. NAIFA-PA will continue to work against the legislation, which may be considered by the full house as early as the week of May 22.