Pistols and revolvers sit on display in the Smith & Wesson Corp. booth during the National Rifle Association (NRA) annual meeting in Dallas, Texas, on May 5, 2018. (Photo: Bloomberg)
New York's Department of Financial Services announced that the National Rifle Association (NRA) has agreed to a five-year ban from participating in the insurance business in New York and will pay a $2.5 million civil fine in order to settle charges that it offered insurance coverage to NRA members without a license and also concealed how it routinely kept premiums for its own benefit.
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