Two bills, one dealing with viatical settlements and the other with agents’ handling of life insurance and annuities, will be considered by the Pennsylvania House Insurance Committee this month.
The Pennsylvania House Insurance Committee has scheduled a May 27 public hearing in Harrisburg, Pa., to explore what the federal health reform law means for the state.
The chairman of the Pennsylvania House Insurance Committee has asked the Pennsylvania Insurance Department to investigate health insurance industry lobbying, especially the TV advertisements of America’s Health Insurance Plans, on national health care reform.
The Pennsylvania House Insurance Committee has approved legislation to establish the Pennsylvania Landslide Insurance and Assistance Program, which would be operated by the Department of Environmental Protection.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.