Industry Updates

NALC Comment Letter, Independent Contractor Status Under Fair Labor Standards Act

February 24, 2021

Submitted via

RE: (RIN) 1235-AA34, Delay of Effective Date – Independent Contractor Status Under the Fair Labor Standards Act

Dear Sir or Madam,

The National Alliance of Life Companies (NALC) appreciates the opportunity to comment on the proposal to delay the Department of Labor’s Wage and Hour Division’s (WHD) Independent Contractor Rule. NALC opposes the proposed delay and urges the department to move forward with the March 8, 2021, effective date.

As NALC wrote in comments supporting the rule last year, we are a national trade association of small and mid-sized life and health insurance companies from across the United States. NALC members primarily serve middle- and low-income communities who may not otherwise receive insurance coverage because these markets are not served by the larger industry. Our members are able to serve these markets because they can rely on a number of distribution models, including the use of licensed financial professionals who operate their own businesses as independent contractors.

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