Texas: Department of Insurance one step closer to implementing legislation
The Department of Insurance has prepared a working draft of amendments to 28 TAC 19.1001-19.1007, 19.1009, 19.1011-19.1017, and 19.1019 and new 19.1024-19.1030, concerning Medicare-related product certification, small employer health benefit plan specialty certification, annuity certification, continuing education courses, and adjuster prelicensing education programs.
The amendments and new sections are necessary to implement legislation enacted by the 81st Legislature, Regular Session: SB 79, which amends the Insurance Code Chapter 4054 to establish a voluntary specialty certification program for agents who market small employer health benefit plans in Texas; HB 739, which amends the Insurance Code Chapter 4004 to establish initial and continuing education requirements for agents who market Medicare advantage plans, Medicare prescription drug plans, or other health plans operated under the Medicare program, such as Medicare cost plans or Medicare demonstration plans in Texas; and HB 1294, which amends the Insurance Code Chapter 1114 and adds Insurance Code Chapter 1116 to establish initial and continuing education requirements for agents who sell, solicit or negotiate an annuity contract, or represent an insurer in relation to an annuity product.
For more information, visit www.tdi.state.tx.us/wc/regulation/roc/wcregnews.html.
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October 15, 2009
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