Texas House Bill HB1297

Texas 2017 - 85th Regular

Caption

Relating to a specialty certification for insurance agents who have completed certain training regarding self-insured health benefit plans.

Impact

If enacted, HB 1297 would modify the Texas Insurance Code by introducing certification standards and continuing education requirements specific to self-insured health benefit plans. By doing so, it will likely elevate the professional standards in the insurance industry, particularly in handling self-insured benefits, benefiting both insurance providers and consumers. The bill also provides a structure for maintaining a list of certified agents, increasing transparency and credibility in the insurance market.

Summary

House Bill 1297 aims to establish a specialty certification program for insurance agents trained in self-insured health benefit plans. This bill mandates that individuals seeking this specialty certification must already hold a general life, accident, and health license, and they must complete specific training tailored to self-insured health plans. This program is designed to enhance the qualifications of insurance agents in this niche area, ensuring they possess the necessary knowledge to effectively advise clients on self-insured health options.

Sentiment

The general sentiment around HB 1297 appears to be supportive, especially among industry professionals who believe that enhanced training and certification can lead to better service and advice for clients. The focus on professional development and specialty knowledge underscores a commitment to improving the quality of care and financial management in the realm of self-insured health benefits.

Contention

While the laudable intent of HB 1297 is recognized, some concerns may arise regarding potential barriers for entry into this specialty certification, such as the cost of training and examination, which could disproportionately affect new entrants to the field. Although advanced certification and training can lead to better service, there are discussions about whether additional regulatory requirements create unnecessary hurdles for budding agents looking to specialize in this area.