New York Files Charges Against the NRA – More Charges on the Way

By Jeff Knox

Opinion

USA – -(AmmoLand.com)- The first shoe has dropped in the legal assault on the NRA. The New York State Department of Financial Services has formally filed a Statement of Charges against the NRA for violating a variety of New York insurance laws, including producing and selling insurance without a license, selling unlawful insurance products, and “unfair and deceptive marketing materials” regarding their endorsed insurance products.

This is not just about NRA’s much-maligned Carry Guard program, which the Statement of Charges labels as an “unlawful insurance” product, but covers all of NRA’s insurance offerings. According to the Statement of Charges, NRA’s endorsement of, advertising for, and receipt of “royalties” for their various endorsed insurance products, constitutes “operating as an insurance producer without a license.”

In other words, they’re saying that the NRA was “engaging in the business” of producing and selling insurance without acquiring the necessary licenses.

The legal action is seeking monetary penalties against the NRA and the repercussions could go well beyond fines and future restrictions on their activities in New York. Insurance carriers that were working with the NRA have already reached settlements with New York enforcers, agreeing to pay over $13 million. Fines and …Read the Rest

Source:: AmmoLand