Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

The announcement came more than three months after state Attorney General, Letitia James, sued to dissolve the group, accusing it of widespread corruption. The agreement resolved charges related to the NRA’s long-standing relationship with insurance broker Lockton Companies Inc., the world’s largest independent insurance brokerage, including the sale of over 28,000 insurance policies to citizens of New York, and the NRA’s receipt of more than $1.8 million of royalties and fees from Lockton.

This premium content is locked for
Insurance Coverage Law Center subscribers only.

Start a free trial to enjoy unlimited access to the single source of objective legal analysis, practical insights, and news for the insurance industry.

  • Access the most current expert analysis and daily developments across jurisdictions
  • Solve complex research issues with expert tools and intelligence
  • Tap into insurance coverage expert guidance

Already have an account?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].

Hannah Smith


Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.