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Category Archives: Governmental 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
Big ‘I’ Names New Federal Government Affairs Counsel
Heather Eilers-Bowser has joined the Big “I” Capitol Hill team as federal government affairs counsel. Her role will include federal legislative and regulatory policy analysis and working with members of Congress and their staff on issues impacting the independent agency … Continue reading
Big “I” Applauds House Repeal of “Cadillac” Tax
The Independent Insurance Agents & Brokers of America (the Big “I”) applauds the U.S. House of Representatives for passing legislation which would repeal the Affordable Care Act’s (ACA) 40% excise tax or “Cadillac” tax. Reps. Joe Courtney (D-Connecticut) and Mike … 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
Big ‘I’ Statement on NFIP Reauthorization
Last week, The Independent Insurance Agents & Brokers of America (the Big “I”) released the following statement by Charles Symington, Big “I” senior vice president of external, industry & government affairs, on the Congressional reauthorization of the National Flood Insurance … 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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2019 Legislative Update: Tracking the Bills that Matter to Your Business
IIAT’s Governmental Affairs team has been busy reviewing the 7,000-plus bills that were filed prior to the Texas Legislature’s bill filing deadline of March 8, 2019. While insurance-related bills have not been the focus of the 86th Legislative Session, a … Continue reading
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
