What is IFAPAC?
Your Business Protection Insurance.
The Insurance and Financial Advisors Political Action Committee IFAPAC’s mission is to help NAIFA advance the legislative and regulatory interests of NAIFA members and their clients by supporting campaigns of candidates for both state and federal public offices. Regardless of party IFAPAC supports legislators who understand the important role agents and advisors play in protecting the financial future of 90 million American families across the country.
IFAPAC describes collectively the PACs sponsored by NAIFA at the federal and state levels. Each PAC is a separate fund dedicated to supporting legislators at their jurisdiction. Of approximately 5,000 political action committees registered with the Federal Election Commission, your federal PAC, NAIFAPAC ranks in the top tier and is the insurance industry standard-setting PAC. In the last election cycle, the NAIFAPAC contributed about $1.3 million to federal candidates.
The power of IFAPAC comes from You, our members! By combining the resources of NAIFA members we can reach legislators on both sides of the aisle in Austin and Capitol Hill. This ensures our grassroots advocates (YOU) and professional staff are able to educate lawmakers on issues important to insurance agents and financial advisors and their clients.
Learn more about IFAPAC under the Advocate menu on the NAIFA home page and explore all of our great advocacy programs or go to NAIFA’s Advocacy Action Center.
State IFAPAC
NAIFA-Texas PAC, along with the other state IFAPACs, in addition to the NAIFAPAC to contribute approximately $2.5 million to federal and state candidates and committees. NAIFA-Texas PAC supported 55 state legislators in the last election cycle.
Make an investment in IFAPAC online! Click Here to log in. Please use the email address associated with your NAIFA membership.
Or fill out the IFAPAC contribution form.
Some of our legislative or regulatory victories during the 86th Legislative Session (2019) include:
- SB 1264: Puts a stop to surprise medical bills.
- HB 2820: Eliminates duplicative regulation and places the authority for regulation of 403(b) products within the Texas Department of Insurance.
- HB 259: Prohibits named driver policies, but allows insurers to add an endorsement to a policy that excludes coverage for a driver specifically named in the endorsement.
- SB 615: Sunset legislation pertaining to the Texas Windstorm Insurance Association. Establishes a process for automatic renewal of policies and acceptance of certain payment methods; formally authorizes TWIA to provide supplemental payments; determines replacement cost at the effective date of policy rather than at the time of property loss, and transfers the issuance of certificates of compliance from TWIA to the Texas Department of Insurance.
Stay tuned for more updates and legislative victories of the 2021 legislative session! For more information on NAIFA-Texas Political Action Committee, please contact Bianca Alonso Weiss.
