Sunday, April 28, 2019

NY Investigating NRA's Finances


New York State’s Attorney General has begun an Investigation into the National Rifle Association (NRA).

Kelly Donnelly, a Spokeswoman for Attorney General Letitia James, said Saturday that James’ Office has Issued Subpoenas as Part of an Investigation related to the NRA.

William A. Brewer, the NRA’s Outside Lawyer, says the NRA “will fully cooperate with any inquiry into its finances.”

James vowed during her Campaign last year to Investigate the NRA’s Not-for-Profit Tax Status if Elected.

The NRA has Clashed repeatedly with New York Elected Officials aiming to Curb the Organization’s Influence.

The Group filed a Lawsuit last year against Gov. Andrew Cuomo and other State Officials after New York Fined Insurance Broker Lockton Cos. LLC $7 Million for Underwriting an NRA-Branded Insurance Program called Carry Guard.

The New York Department of Financial Services (DFS) Fined Chubb Ltd. and its Subsidiary, Illinois Union Insurance Company, for Underwriting the Insurance Program in Violation of New York Insurance Laws.

The Company provided Notice in October 2017 that it was Voluntarily Terminating its participation Nationally in the Carry Guard Program following the Initiation of the DFS Investigation involving Chubb, Lockton, and the NRA in the Carry Guard Insurance program. Chubb and Illinois Union Suspended Participation in the Program around November 2017 and Ceased making Carry Guard Policies available for New York Residents to Purchase.

The Carry Guard Program provided Coverage in any Criminal Proceeding against the Policyholder or the Policyholder’s Family Members, including Coverage for Bail Money, Premiums on Bonds, Attorney Consultation Fees and Retainer Expenses, Expenses incurred for the Investigation or Defense of Criminal Charges and Costs Taxed against the Insured or the Insured’s Resident Family Member in a Criminal Proceeding arising out of a Shooting. The Policy further Covered Expenses for Psychological Counseling Support for the Insured or the Policyholder’s Resident Family Member.










NYC Wins When Everyone Can Vote! Michael H. Drucker
Digg!


No comments: