Although the staff of recommended earlier this year that the which represents consumers as a class in insurance regulation, be abolished and its functions folded into the , the Sunset Commission in late September declined to support that position.
Staff had recommended abolishing OPIC as an independent agency and establishing a Consumer Representative and staff within TDI, responsible for ensuring that TDI considers the consumer perspective in insurance regulation matters. However, then-OPIC Executive Director Rod Bordelon, now Commissioner of the Division of Workers’ Compensation, opposed the recommendation. In addition, Texas Insurance Commissioner Mike Geeslin told the Sunset Commission that the insurance department felt strongly that OPIC should be maintained as a separate agency.
Several associations representing insurance companies, including the American Insurance Association, the Property and Casualty Insurers of America and the Texas Coalition for Affordable Insurance Solutions expressed support for the proposal.
Ultimately the commission opted to maintain OPIC as a separate agency and review its effectiveness again in 12 years, a proposal put forth by state Senator Glenn Hegar, Jr., vice chair of the Sunset Advisory Commission.
Topics Texas
Was this article valuable?
Here are more articles you may enjoy.
IMA Latest to Sue Howden Over Alleged Employee Poaching 
DeSantis Signs Citizens Commercial Clearinghouse Bill That’s Been Called ‘Unneeded’ 
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested 
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters 
