Sen. Kelly Hancock (R) files SB 548 to abolish Office of Public Insurance Counsel

[TexasTowelie]

Last edited Fri Feb 15, 2013, 08:20 AM - Edit history (1)

AUSTIN — Just days after the Texas Office of Public Insurance Counsel moved to block State Farm’s 20 percent increase in homeowners insurance rates, a Dallas-area senator introduced a bill Thursday that would abolish the agency.

The measure by Sen. Kelly Hancock, R-North Richland Hills, would eliminate one persistent critic

(subscription required)
http://www.dallasnews.com/news/politics/state-politics/20130214-dallas-area-senator-files-bill-to-abolish-state-consumer-advocate-for-insurance.ece

Additional background:

AUSTIN – On March 4, 2013 an Administrative Law Judge with the State Office of Administrative Hearings will conduct a public hearing to review the 20% rate increase State Farm Lloyds implemented late last year. The hearing is being held at the insistence of Public Insurance Counsel Deeia Beck. Mrs. Beck is the Executive Director of the Office of Public Insurance Counsel, a state agency that advocates for Texas insurance consumers. To see the full press release...

http://www.opic.state.tx.us/images/Office_of_Public_Insurance_Counsel_Press_Release.pdf

Source: http://www.opic.state.tx.us/

Edited to add: Senate Bill number was obtained from Texas Legislature Online at http://www.legis.state.tx.us/billlookup/billnumber.aspx .

[TxDemChem]

1. Wow!

Why am I not surprised Hancock wants to do away with this board. I suppose capitalism at its finest.

[hobbit709]

2. They really should wear NASCAR style suits, so we can easily tell who owns them.

[TexasTowelie]

3. One of the top five campaign contributors for Hancock

is Farmers Insurance Group.