New York fines NRA, imposes five-year ban on insurance sales
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Economy16 hours ago (Nov 18, 2020 11:35AM ET)
© Reuters. A general view shows the National Rifle Association (NRA) headquarters, in Fairfax
By Jonathan Stempel
NEW YORK (Reuters) – The National Rifle Association agreed to a five-year ban on doing insurance business in New York state and will pay a $2.5 million civil fine to settle charges it offered insurance to members without a license and concealed how it routinely kept some premiums for itself.
New York’s Department of Financial Services announced the settlement on Wednesday, a little over three months after state Attorney General Letitia James sued to dissolve the gun rights group, accusing it of widespread corruption.
Wednesday’s accord resolved charges over the NRA’s two-decade relationsh
