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In 1957, the Board of Insurance Commissioners was abolished and replaced by the State Board of Insurance, consisted of three members appointed by the governor but serving a six-year term. The board determined policy and rates and authorized rules, while the commissioner was responsible for administrative operations and was appointed by the board.
The IIABA has spent more than $1 million in 2010 in lobbying efforts on federal crop insurance, insurance licensing reform, and other insurance issues. [2]The IIABA supported the National Association of Registered Agents and Brokers Reform Act of 2013 (H.R. 1155; 113th Congress), a bill which would reduce the regulatory costs of complying with multiple states' requirements for insurance ...
Working with an insurance intermediary service allows the independent agent to review many quotes and offer their clients the best policy options available. For their efforts, independent agents are paid a commission (remuneration). [2] In addition to insurance policies, agents often sell mutual funds, annuities, and products that address ...
While an independent agent has a legal duty to act in the best interest of their client, there might be a conflict of interest for the agent if one insurance provider pays a higher commission than ...
Independent agencies can be distinguished from the federal executive departments and other executive agencies by their structural and functional characteristics. [8] Their officers can be protected from removal by the president, they can be controlled by a board that cannot be appointed all at once, and the board can be required to be bipartisan.
Follow along for live updates and results for key statewide and local races. Polls open at 7 a.m. across Texas. Primary election voting will run from 7 a.m. to 7 p.m. local time on March 5 across ...
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Gov. Abbott also made several posts on X about Trump’s victory. Abbott also spotlighted Republican House candidates who supported his school choice plan, noting that “most of them won ...