A New York regulator on Wednesday filed civil charges against the National Rifle Association, accusing the gun rights group of offering insurance without a license and concealing how it routinely kept some of its members’ premiums for itself.

The charges by New York’s Department of Financial Services followed the NRA’s May 2018 lawsuit accusing the regulator and Governor Andrew Cuomo of “blacklisting” the group by pressuring banks and insurers to stop doing business with it, and threatening its survival.

The regulator is seeking civil fines and other remedies, and scheduled an April 6 hearing at its office.

In its statement of charges, the regulator said the NRA violated New York insurance laws through its dealings since 2000 with insurance broker Lockton Cos, including the sale of more than 28,000 policies to members.

According to the statement of charges, New Yorkers obtained 28,005 insurance policies through Lockton from 2000 to 2018, and the NRA received more than $1.8 million in royalties and fees from Lockton programs from 2000 to 2019.

For additional information on this please see our friends at Reuters.

Leave a Reply

Trending

Discover more from THE DC PATRIOT

Subscribe now to keep reading and get access to the full archive.

Continue reading