LEGAL ALERT: Big Licensing Changes for Texas Insurance Professionals
September 2, 2021
by Julie M. Pomerantz
On September 1, 2021, Texas HB 4030 went into effect, bringing with it several significant changes for Texas licensed (resident and non-resident) insurance professionals. As summarized below, HB 4030 implements several changes to the Texas Insurance Code. The changes affect subagent designations…
Costs of Wild Fires, Extreme Heat and Floods: California Department of Insurance Report Examines Climate Insurance
The California Department of Insurance (“CDI”) issued a report titled: Protecting Communities, Preserving Nature and Building Resiliency – How First-of-its-Kind Climate Insurance Will Help Combat the Cost of Wildfires, Extreme Heat and Floods (“Report”) The recommendations in the Report were…
2021 Arkansas Insurance Legislation Summary: Act 925 Prohibits Life Insurance/Annuity Beneficiary Change through Will
June 29, 2021
by Derrick W. Smith
This is the sixth and final article in a series of summaries of Insurance legislation from the 93rd Arkansas General Assembly. In a surprising move, the Arkansas General Assembly overrode long-standing Arkansas common law that permits an insured to change a beneficiary of an insurance policy via…
2021 Arkansas Insurance Legislation Summary: Arkansas Insurance Business Transfer Act
June 28, 2021
by Derrick W. Smith
This is the fifth article in a series of summaries of Insurance legislation from the 93rd Arkansas General Assembly. Arkansas has joined a number of states in enacting legislation meant to allow an insurer to transfer blocks of business to another insurer without the need for individual…
2021 Arkansas Insurance Legislation Summary: Life Insurance
This is the fourth article in a series of summaries of Insurance legislation from the 93rd Arkansas General Assembly. The 93rd Arkansas General Assembly convened on January 11, 2021 and entered into an extended recess on April 27, 2021. The resolution authorizing the extended recess provides for…