. . The National Rifle Association agreed to settle the charges filed in New York related to its insurance business. The Arms Rights Organization has been accused of selling insurance to members without a license and keeping regular premiums for itself without telling clients, according to Reuters reports.. . On Wednesday, the New York Financial Services Department announced that the NRA would suspend its insurance business in the state for five years and pay $ 2.. 5 million fine. Linda Laswell, the state insurance supervisor, said insurance broker Lockon Coss. It promoted an NRA-branded program called Carry Guard, which illegally claimed to cover the costs of criminal defense and the "intentional" use of firearms in shooting, according to Reuters reports.. The NRA also said it offered coverage at "the lowest possible cost," but kept it between 13. 7% and 21. 9% of the premiums paid. The NRA, which approved the settlement did not admit any error, said it did not guarantee its insurance programs and that the products marketed by industry experts. "The investigation initiated by the Department of Field Support, which began quietly, ended with a whimper," William Brewer, a lawyer for the NRA, said in a statement.. . In August, New York Attorney General Letitia James (Democrat) filed a lawsuit to dissolve the NRA, accusing the organization of endemic corruption.. The insurance settlement does not affect other pending lawsuits between the NRA and the State of New York. More stories from the week. Coming up in classroom folly to cancel student loans, let's appreciate just how extraordinary vaccines are in Donald Trump's future as a home companion on the prairie.