New York Regulator Probes NRA-Branded Self-Defense Insurance

By Leslie Scism

A New York financial regulator is investigating the National Rifle Association’s participation in insurance policies that cover legal costs for policyholders in self-defense shootings.

The investigation by the state’s Department of Financial Services is focused on whether the firearms-advocacy group is improperly promoting the policy and receiving commissions without proper licensing, according to a person familiar with the matter.

The department, which regulates banks and insurers, issued a subpoena on Tuesday to the NRA group asking for documents and information about the insurance program NRA Carry Guard, according to a copy of the subpoena reviewed by The Wall Street Journal. The program was launched in April.

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Source: The Wall Street Journal (via The Empire Report)