Members, we are two weeks away from the return of NAIFA-Texas' Quarterly Lobbyist Update! It was been a very eventful interim within the Texas Legislature. Click here for your free registration!
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Quarterly Lobbyist Update in Two Weeks!
Topics: It Pays to Be a Member State Advocacy Texas Advocacy
Mark Your Calendars! Quarterly Lobbyist Update Returns Nov. 30th
Our Quarterly Lobbyist Update (QLU) returns on Nov. 30th 2021! This exclusive member-only virtual event will break down this very eventful interim of special sessions, quorum breaks, redistricting, and more. NAIFA-Texas Lobbyist, Elizabeth Hadley, of Greenberg Traurig will be touching on these topics and answering your questions. Snag your FREE registration by clicking here!
Topics: Advocacy MembershipPays State Advocacy Federal Advocacy Texas Advocacy
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NAIFA-Dallas Hosts Annual Legislative Luncheon
On August 26, 2021, NAIFA-Dallas hosted several Texas federal and local legislators and their staffers for their annual legislative luncheon! Staff for State Rep. Carl Sherman (HD-109), State Rep. Rhetta Bowers (HD-113), Congresswoman Beth Van Duyne (TX-24), and Congresswoman Eddie Bernice Johnson (TX-30). State Senator Angela Paxton (SD-30) and her District Director joined us as well.
Topics: It Pays to Be a Member State Advocacy Loyal Member
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TDI Proposes Rule for annuity forms
On August 16th, the Texas Department of Insurance (TDI) proposed a rule about the forms an agent must provide to a consumer before or when recommending or selling an annuity. Agents can use the hyperlink above to review the rule and submit comments before September 27, 2021. This rule falls in line with the Texas adoption of NAIC's Best Interest Standard (HB 1777).
Topics: Advocacy State Advocacy
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#TxLege Special Session: Round II
On Saturday, August 7th, the Texas Legislature gaveled in for the second special session of the interim. Texas Democrats broke quorum for the third time to deny the Texas House from passing any business, including the GOP high-priority elections bill. The issues on the Governor's call do not directly impact insurance agents or financial advisors. NAIFA-Texas does not foresee this changing.
Topics: Advocacy State Advocacy
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The WISH Act-- What Is It?
Rep. Tom Suozzi (D-NY) has filed H.R. 4289, the "Well-Being Insurance for Seniors to be at Home (WISH) Act." The WISH Act would impose a 0.3% payroll tax on workers and 0.3% payroll tax on employers. The monthly benefit would start at $3,6000 and rise with inflation.
Topics: Certifications & Designations Advocacy Long-Term Care #NAIFAProud State Advocacy Federal Advocacy
Texas Department of Insurance Issues Bulletin
The Texas Department of Insurance has issued a bulletin listing major changes to agent licensing provisions during the 87th Legislature. Those include:
Topics: Certifications & Designations Advocacy #NAIFAProud Legislation & Regulations State Advocacy
Special Session Begins!
The 87th Texas Legislature is back in the Capitol today to start their first special session of the year. (Yes, that means there are more to come!)
Governor Abbott called the legislature back to Austin to address certain legislative priorities that did failed to pass or were not addressed during the regular session. The call items for what the Texas House and Senate must pass can be found here. Items include banning the teaching of critical race theory in public schools, election and voting protocols, social media censorship, bail reform, and more.
NAIFA-Texas will be monitoring the special session and providing updates to our membership.
Topics: Advocacy #NAIFAProud Legislation & Regulations State Advocacy
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NAIFA-TX & Principal Event - June 16th
Join NAIFA-Texas sponsor, Principal Financial Group, on June 16th as they present a leadership directed virtual discussion panel!
Topics: Advocacy #NAIFAProud Grow Your Business Leadership Small Business State Advocacy Member Spotlight
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New Texas Law Enhances Protections for Annuity Consumers
Legislation signed recently by Governor Greg Abbott enhances protections for Texas consumers seeking lifetime income through annuities. Championed by House Insurance Committee Chairman Dr. Tom Oliverson and Senate Business & Commerce Chairman Kelly Hancock, the new law enhances the standards financial professionals must follow while preserving consumers’ ability to access the tools they need for a secure retirement.
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