NY Fines NRA, Prohibits Insurance Sales for Five Years
Representation for the NRA has indicated that this settlement has no effect on other litigation between the NRA and the state of New York.
November 20, 2020 at 01:34 PM
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Last week, New York’s Department of Financial Services announced that the National Rifle Association, the NRA, has agreed to a five-year ban on participating in insurance business in New York State, and will pay a $2.5 million civil fine in order to settle charges that it offered insurance coverage to NRA members without an insurance license and also concealed how it routinely kept premiums for its own benefit.
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