DOI Corrects Misinformation About COVID and Life Insurance
The Louisiana Department of Insurance urges the public to beware of misinformation
circulating on social media sites claiming that receiving a COVID-19 vaccination
would result in the death benefit not being paid on existing life insurance policies
or would result in an individual not being able to obtain new life insurance. Other
rumors suggest that life insurance policies do not cover death due to COVID-19. This
information is false.
"These rumors are untrue, and your life insurance investments are not affected by your
decision to be vaccinated against COVID-19," said Insurance Commissioner Jim Donelon.
Louisiana law does not permit life insurance exclusions based on the insured person
having received a vaccine. A vaccine for COVID-19 is not a cause for denial, and life
insurers do not take into account whether or not a policyholder has received a COVID-19
vaccine in determining whether to pay a claim.
PIA Lauds House Passage of Cannabis Safe Harbor Legislation
House passage of legislative protection from federal prosecution for insurance agents
who do business with cannabis-related enterprises in states in which such businesses
are legal. H.R. 1996, the Secure and Fair Enforcement (SAFE) Banking Act, passed the
U.S. House 321-101 on April 19.
In addition to protecting insurance agents, the SAFE Banking Act also makes it easier
for banks to offer financial services to the cannabis industry. PIA has been working with a
of industry allies in support of this legislation, and we
successfully advocated for key insurance specific protections to be included in the bill.
Last week PIA reiterated our support for the legislation, and we're pleased it passed with
such bipartisan support.
Nearly every state
has legalized cannabis to some degree. PIA views
its position as respectful of state insurance laws; PIA and our members seek to protect
independent agents from criminal prosecution for engaging in business activities that are
legal pursuant to state law.
"PIA does not take a position on the legalization of cannabis and views this issue strictly
as a matter of respecting state insurance laws," said Jon Gentile, PIA vice president of
government relations. "PIA will advocate for the prompt Senate passage of cannabis safe
harbor legislation that protects insurance agents, and we are making the passage of the
SAFE Banking Act one of our top priorities."
PIA Releases 2021 Issues of Focus for Advocacy Day
PIA has released its
2021 Issues of Focus
in preparation for its upcoming Advocacy Day,
formerly known as the Federal Legislative Summit (FLS). PIA members will highlight
these issues during their meetings with their elected representatives on Advocacy
Day May 12.
PIA deploys its grassroots advocacy resources throughout the year on countless issues
of importance to independent insurance agents. For our annual Advocacy Day, our members
are focused on timely advocacy on the matters that are most vital to them and their
PIA's full Issues of Focus document
, including background information on each
issue, can be found
. An overview of the five issues on which PIA members will
focus their advocacy efforts during their meetings with lawmakers next month can be found
NAIC Launches Home Inventory App
The National Association of Insurance Commissioners (NAIC) has announced the launch
of its Home Inventory App. The NAIC Home Inventory App makes it easy for consumers to
create and protect a record of their belongings and offers tips on disaster preparation
and filing claims.
The NAIC Home Inventory App
can be accessed from the