Thursday, February 6, 2020

It's official: New York will prosecute NRA for violating insurance laws, deceiving members

GP: Wayne LaPierre, chief executive officer of the National Rifle Association (NRA Inside The National Rifle Association Foundation Annual Meeting
Wayne LaPierre

New York state has been working on a case they have just filed against the National Rifle Assn. for "acting as an unlicensed insurance producer and deceiving its members with misleading marketing practices." NRA head, Wayne LaPierre and his gang of gun nuts have apparently screwed their membership by...
"having worked with insurance broker Lockton Companies to offer insurance products such as the NRA-branded “Carry Guard” to the group’s members without a license."
Lockton was fined $7 million by the New York regulator in May 2018 over its involvement with Carry Guard. The New York’s Department of Financial Services states...
"the NRA misrepresented to its members that the products were being sold at the lowest possible cost, when in
fact the group kept “substantial” royalties, sometimes exceeding 20% of premiums paid."
"The NRA sued the regulator and Governor Andrew Cuomo the same month, accusing them of illegally trying to pressure banks and insurers to stop doing business with it, in what it called 'blacklisting.'” And, a recent NRA lobbyist took a job at the US interior department in the Donald Trump administration in 2017, currying favor with LaPierre and the NRA. One can only hope this all puts Wayne LaPierre and the National Rifle Assn. where it belongs, out of business. 

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