CAIFPA, California Asian Insurance and Financial Professional Association, formerly CAIPA, was formed on January 2, 1986 by a group of Chinese American insurance and financial service professionals. The corporation has established its tax-exempt status under the Internal Revenue Code Section 501 (c) (6).
Our industry had undergone many tremendous changes in the last two decades since this organization was born. To recognize these changes, the board of directors had numerous discussions and considerations during the 2004 board meetings. The new name CAIFPA was finalized in August, 2004. Our members approved this new name during the member’s general meeting/election held on September 30, 2004. Our name change is also approved by the State of California. To date, our active members are growing tremendously in the past few years. We also realize that this number is relatively small considering the size of the financial professionals we have in this community. We need more professionals to join us and work with this elite organization.
This is a non-profit organization. Our biggest vision is to unite the financial industry professionals, and to provide a forum to share our ideas and experiences. We have provided a wide range of seminars and CE courses for our members in different topics with top-notch speakers from this industry.
At the same time, one of CAIFPA’s commitments is give back to our community. In the past, we have donated to a number of charities and provided scholarships to college students who are majoring in this field.
Furthermore, CAIFPA is a MDRT-approved qualified financial professional organization, i.e., any of our members would qualify for a MDRT membership when their production reaches to the MDRT standard.