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Author Archives: Lee Loftis, Government Affairs
TDI: Reminder to Insurance Agents on Laws Related to Unauthorized Insurance
The Texas Department of Insurance has issued a bulletin reminding insurance agents and third-party administrators that they are strictly liable for assisting in the practice of unauthorized insurance. Under state law, an agent or TPA who assists a company engaging … Continue reading
ISO Flood Disclosure Notice Form Approved
SB 442 was signed into law by Governor Abbott with an effective date of September 1, 2019. In preparation of the new requirement, ISO has developed the form Texas Flood Insurance Disclosure Notice. This, or a similar notice, is now required … Continue reading
2019 Legislative Update: Property Insurance Policy Deductibles Must Be Paid (HB 2102)
House Bill 2102, which passed in the 86th legislative session, requires consumers to pay the required deductible on all claims on property insurance policies. In an attempt to stem the practice of shady roofing contractors offering to “absorb your deductible,” … Continue reading
Posted in Governmental Affairs, News
Tagged Deductibles, HB 2102, Property Insurance
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Big ‘I’ Applauds House Financial Services Committee for Flood Reauthorization
The Independent Insurance Agents & Brokers of America (the Big “I”) thanks the House Financial Services Committee for passing a measure to extend the National Flood Insurance Program (NFIP) for five years. “The Big ‘I’ applauds the committee for voting … Continue reading
2019 Legislative Update: Tracking the Bills that Matter to Your Business
It was a busy week at the Capitol for IIAT’s Government Affairs team. The House Insurance Committee met and there are a couple of notable updates. SB 590, which is our Senate version of the Commercial Change Notification bill, was … Continue reading
Posted in Governmental Affairs, Uncategorized
Tagged HB 4557, Legislative Update, SB 1264, SB 590, SB 615
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NFIP Reverses Mid-Term Cancellation Policy
On Monday, FEMA issued a bulletin stating that consumers cannot receive a refund for unearned premiums if they cancel a NFIP policy mid-term in favor of a private policy. The Big “I” is disappointed by this news but will continue to pursue … Continue reading
2018 Election Results – “The Beto Effect”
With the 2018 elections behind us, we can now begin to assess what we should learn from the results. Although Beto O’Rourke was not successful in knocking off Sen. Ted Cruz, the excitement created by his candidacy, along with straight … Continue reading
Join NCCI for a Free Agent Education Workshop
NCCI invites licensed agents to earn three continuing education credits by attending a free Agent Education Workshop. Get an overview of workers compensation trends, learn how to classify and use the appropriate resources, and gain an understanding of the experience rating … Continue reading
Need Tax Reform Insights? Register for a Free Webinar
Last year, President Trump signed into law the widest-ranging tax reform legislation in decades. Learn more about how the new federal tax law and regulations will impact your business during a free webinar hosted by the Big “I.” Click on … Continue reading
TWIA: Hurricane Harvey Claim Deadline Approaching
The anniversary of the date Hurricane Harvey made landfall on the Texas coast is quickly approaching on August 25, 2018. Texas law requires TWIA policyholders to report claims for windstorm damage within one year of the date the property was … Continue reading
