The pace of the 84th Legislative Session is picking up, and one major hurdle has been cleared as of Friday: the 60 day mark.
The total number of bills filed tops 6,300, and over 900 of those bills were filed on Friday alone as legislators scrambled to introduce legislation before the filing deadline.
NAIFA is tracking several pieces of legislation that could have an impact on our businesses:
HB 1947/SB 844
Relating to the expiration of licenses for insurance agents and adjusters.
HB 2893/SB 876
Relating to the licensing of insurance agents and adjusters; providing a penalty.
HB 2145/SB 1765
Relating to provisional authority for certain individual insurance license applicants to act as insurance agents; authorizing a fee; requiring an occupational provisional permit.
HB 2586/SB 1107
Relating to rulemaking authority for annuity contracts.
Relating to the authorization, regulation, and function of dedicated personal insurers; requiring a certificate of authority; imposing fees.
HB 966/SB 842
Relating to the creation of an optional consumer-directed health plan for certain individuals eligible to participate in the group benefits program provided under the Texas Employees Group Benefits Act and their qualified dependents.
Several members have volunteered to help review these bills as they change and proceed through the rest of the session. Thanks to these Legislative Review committee members for their expertise and time in protecting all of us from misinformed insurance or financial advisor legislation.
As always, do not hesitate to contact Tim Von Kennel with any government related questions or concerns you may have.