Video & Transcript Research : 'insurance discounts'

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TX

Texas 89th Regular

Insurance Apr 2nd, 2025

Insurance

Transcript Highlights:
  • The Department of Insurance in Alabama sets a benchmark discount. Now it varies between...
  • If they want to give a lesser discount, they have to come before the Department of Insurance and make
  • But that's all based on a benchmark discount that the Department of Insurance sets in Alabama.
  • If the insurance company wants to give a more aggressive discount, a better discount they can, and my
  • But the Alabama discount is mandated, if you will, in that a benchmark is set by the Department of Insurance
TX

Texas 89th Regular

Insurance Apr 2nd, 2025

Insurance

Transcript Highlights:
  • I represent the Texas Coalition for Affordable Insurance Solutions. Insurance solutions.
  • Any insurer may provide personalized property and casualty insurance that creates economies of scale
  • The insured is our client, and the insurance carrier is our trading partner.
  • discounts on premiums.
  • As the insurance companies all line up, said they will give a... Discount if this home is done.
OK

Oklahoma 2026 Regular Session

Business and Insurance 2ND REVISED Mar 5th, 2026 at 09:30 am

Business and Insurance

Transcript Highlights:
  • Do you know what the insurance company costs?
  • department insurance carriers insurance agents consumer advocates for those folks that have struggled
  • This is not an insurance bill; this is a beer bill, right?
  • Follow up: So don't we talked earlier about insurance? So businesses can get insurance, can't they?
  • in businesses and property, the insurance company basically, you're paying for the insurance company
OK

Oklahoma 2026 Regular Session

Business and Insurance 2ND REVISED Mar 5th, 2026

Business and Insurance

Transcript Highlights:
  • I'd like to call this meeting of Business and Insurance to order.
  • I have been working with all parties on this with the insurance department, insurance carriers, insurance
  • So we talked earlier about insurance, and so businesses can get insurance, can't they?
  • and property, the insurance company, basically, you're paying for the insurance company to have two
  • The insurance company, basically, you're paying for the insurance company to have two things: to be able
Summary: The Business and Insurance Committee considered a series of bills focused on credit card interchange fees, insurance regulation, alcohol licensing, utility contractor authority, medical marijuana bonding, and business liability. Senators Thompson’s SB 2102 and SB 1940 sought to limit swipe fees on large financial institutions and on taxes and tips, respectively; both passed after questions about the asset thresholds and their impact on merchants and banks. SB 1625, by Senator Fricks, would let the Oklahoma Insurance Department prepare impact analyses on health benefit plan legislation, and passed unanimously. SB 1442, by Senator Dossett, lowered distiller licensing fees, created a microdistillery license, and restored a liability insurance proof requirement through an amendment; it passed 11-0. SB 1623, by Floor Leader Daniels, would revise the state credit union charter and passed 11-0. SB 1242, by Senator Hamilton, increased the bond required for medical marijuana grows from $50,000 to $100,000 and passed 10-0. The committee also heard SB 1949 from Senator Logan, which would allow utility contractors to work closer to buildings on private property, up to five feet from structures, instead of stopping at the property line. The bill drew extended questioning from Senator Brooks about permitting, training, liability, and the relationship between utility contractors and plumbers; an industry representative testified that utility contractors already do much of the work under licensed plumbers and that the bill would reduce costs and speed projects, especially in rural areas. SB 1949 passed 8-2. Senator Reinhardt’s SB 1592 and SB 1913, both insurance-related committee substitutes, were described as ongoing negotiations aimed at homeowner insurance transparency and consumer protections; members were told the bills were still being refined, but both passed, 9-1 and 10-0, respectively. Additional measures included SB 592, which would let distributors issue credits to retailers after repeated product replacements, aimed at reducing losses from poor inventory control at large retailers; it passed 9-0. SB 992 would provide civil liability protection for businesses and property owners when violent criminal acts occur on their premises, except in cases of gross negligence; it prompted debate over gun-free zones, security, insurance, and whether the bill would reduce incentives for safety measures, but passed 5-3. Finally, SB 1241 created the Oklahoma Fraud and Ticketing Accountability Act to address fake tickets, bots, deceptive resale websites, and venue liability in the live-event market; supporters included arts venues, and the bill passed 8-0. The committee adjourned after completing its agenda.
TX

Texas 89th Regular

Insurance Apr 17th, 2025

Insurance

Transcript Highlights:
  • , with costs shared among member insurers.
  • This legislation addresses an insurance practice which unfairly allows insurance companies to reduce
  • The insurer then may want to... ...repairs are complete, the insurer is supposed to pay the remainder
  • Insurance policies have clauses stating insurers will need to request the withheld depreciation within
  • It is all the more important in this line of insurance because title insurance is the only line of insurance
OK

Oklahoma 2026 Regular Session

Banking, Financial Services and Pensions Apr 7th, 2026

Banking, Financial Services and Pensions

Bills: SB1623, SB2067, SB2132
Summary: The Banking, Financial Services, and Pensions Committee heard three bills. Senate Bill 2132, presented by Rep. Geis, would raise the allowable credit card processing fee cap from 2% to 3% and preserve consumer protections requiring notice to customers. During discussion, members raised concerns about whether 3% was enough to cover actual merchant costs; Geis said she had spoken with the Senate author and was prepared to amend the bill to 4%, which she said would better match average costs and cover most businesses. The committee agreed to let the language be handled before Oversight, and the bill passed 8-0. House Bill 1623, also presented by Geis, updates the state charter for credit unions to give state-chartered institutions more flexibility similar to federally chartered credit unions. It revises field-of-membership rules, removes geographic or membership overlap considerations, and allows the board to add association categories for individuals in underserved areas below 150% of the poverty level. The bill received no questions and passed 8-0. Senate Bill 267, presented by Rep. Lepak, carries the same language previously passed in House Bill 3020 and deals with protection of vulnerable adults. Lepak said bankers and credit unions were working together on the measure. The committee took no substantive debate and passed the bill 8-0. The meeting then adjourned.
OK

Oklahoma 2026 Regular Session

Senate Legislative Session Mar 5th, 2026 at 09:30 am

Oklahoma Senate Floor Meeting

Transcript Highlights:
  • The previous language also had a 10-year life on this discount. It looked like till 2036.
  • So, is this going to be an indefinite discount at 15%? Thank you for the question.
  • So, you're dropping it almost 8% discount. for just broadband.
  • Energyitte will meet in Room 230, 20 minutes after business and insurance gets a cor.
  • Business and insurance will meet in room 535 immediately following this session.
OK

Oklahoma 2026 Regular Session

Senate Legislative Session Mar 5th, 2026

Oklahoma Senate Floor Meeting

Transcript Highlights:
  • So they no longer have to actually provide high-speed internet to get this discount on their property
  • The previous language also had a 10-year life on this discount, it looked like, until 2036.
  • Now I don't see that language anymore, so this is going to be an indefinite discount at 15%.
  • Energy Committee will meet in Room 2.30, 20 minutes after Business and Insurance gets a quorum.
  • Business and Insurance will meet in Room 535 immediately following this session.
Summary: The Senate convened with prayer, roll call, and several floor and gallery introductions recognizing the Doctor of the Day, Nurse of the Day, Mid-America Christian University, the Oklahoma Truckers Association, Leadership Wagoner County, the Broken Arrow Chamber, and an intern. The chamber then took up several bills in general order. Senate Bill 1426, requested by the Department of Human Services, would limit referrals to district attorneys to substantiated findings of abuse of vulnerable adults; it passed unanimously, 44-0. Senate Bill 1531 was presented as a placeholder vehicle for possible future FAA action on drones and unmanned aircraft, with questions focused on why the bill was being kept open and what language might later be added. It passed 33-12. Senate Bill 1561 would allow EMTs to be subject to progressive discipline for drug or other violations instead of automatic license revocation; it passed 46-0. The most extensive debate centered on Senate Bill 1122, which lowers the ad valorem assessment rate for broadband providers from 22.85% to 15% and was described by supporters as a way to create parity, encourage broadband expansion, and keep providers investing in rural Oklahoma. Opponents argued it would give a tax break to large legacy broadband companies, reduce county revenue by an estimated $20 million, and do little for homeowners, farmers, or other taxpayers facing property tax pressure. After extended questioning and debate, the bill passed 28-19. The Senate also laid over SB 1555, heard announcements, and adjourned until Monday, March 9 at 1:30 p.m.
OK

Oklahoma 2026 Regular Session

Business and Insurance 2ND REVISED Apr 16th, 2026 at 09:30 am

Business and Insurance

Transcript Highlights:
  • Going to call this meeting of Business and Insurance to order today, folks.
  • Having said that, this will conclude the meeting for Business and Insurance today.
OK

Oklahoma 2026 Regular Session

Business and Insurance 2ND REVISED Apr 16th, 2026

Business and Insurance

Transcript Highlights:
  • I'm going to call this meeting of Business and Insurance to order today.
  • carriers, which are usually insurance carriers that are domiciled outside of the United States.
  • This follows a model NAIC bill, which is the National Association of Insurance Commissioners legislation
  • Having said that, this will conclude the meeting for Business and Insurance today.
  • This will conclude the meeting for Business and Insurance today.
Summary: The Business and Insurance Committee considered a long agenda of bills and executive nominations. Among the bills, it advanced measures to update fire extinguisher industry age restrictions and application rules (HB 381), create a five-day cancellation right for homeowners after severe storm-related contracts (HB 3790), require a biennial workers’ compensation medical fee schedule update (HJR 1023), create the Oklahoma Home Services Act to standardize home service contract disclosures (HB 4139, amended to correct a wording error), cap surcharge fees and add a career tech exemption (HB 3041), create the Oklahoma Tolling and Recovery Board (HB 3297), allow expired electrical contractor licenses to be reinstated without re-examination (HB 3673), clarify who is not a security guard for licensing purposes (HB 4105), create a licensing framework for in-ground pool contractors effective November 1, 2027 (HB 3338), and streamline surplus lines insurance procedures and premium tax enforcement (HB 3048). One bill on smokeless tobacco taxation (HB 3983) drew extended debate over whether a weight-based tax would be fairer and revenue-neutral; after questions about health impacts, reporting, fraud concerns, and inflation, the bill failed to receive a second and was left in committee. HB 3041 also drew significant debate over whether it would effectively allow higher credit card surcharges, but it ultimately passed 5-4. The committee also heard numerous executive nominations, all of which were approved and sent to the full Senate. Those included Michael Stop and Michael Bauer to the Oklahoma State Athletic Commission, Michael Cantrell and Burrell Sears to the Oklahoma Abstractors Board, Richard Willoughby to the State Board of Licensure for Professional Engineers and Land Surveyors, E. Keith Mitchell and Andrew Revelis to the ABLE Commission, Jackie Ward to the alarm, locksmith, and fire sprinkler industry board, Terence Shreve to the Used Motor Vehicle Dismantler and Manufacturer Board, and Adra Berry as Cabinet Secretary of Licensing and Regulation. Nominees generally described their professional backgrounds and commitment to public safety, regulation, or industry expertise, and several senators spoke in support of their service. Most nominations passed unanimously or near-unanimously.
AZ

Arizona 2026 Regular Session

01/28/2026 - House Transportation & Infrastructure

Transportation & Infrastructure

Transcript Highlights:
  • I think it's brilliant, really, a fleet getting a discount. I think it's brilliant.
  • We had to have insurance. We had to do it right.
  • Anyway, and they're not having insurance because they don't need to.
  • Chair, so right now they're not required to have insurance on a boat, correct?
  • So the insurance requirement—if they don't have insurance and they get caught or stopped or whatever,
OK

Oklahoma 2026 Regular Session

Business and Insurance 2ND REVISED Apr 23rd, 2026 at 09:30 am

Business and Insurance

Transcript Highlights:
  • I would like to call this meeting of Business and Insurance to order.
  • Believe me, I am in the insurance industry. I\'ve done this for 17 years.
  • or will it save costs to the insurers?
  • Captive Insurance Association to improve the statutes surrounding the captive insurance framework.
  • Chair. 3796 is the Oklahoma Insurance Department's requests omnibus bill.
OK

Oklahoma 2026 Regular Session

Business and Insurance 2ND REVISED Apr 23rd, 2026

Business and Insurance

Transcript Highlights:
  • I'd like to call this meeting of Business and Insurance to order.
  • insurers?
  • Captive Insurance Association.
  • Captive Insurance Association to improve the statutes surrounding the captive insurance framework.
  • House Bill 3794 is a request from the Insurance Department.
Summary: The Business and Insurance Committee first handled a series of executive nominations, including appointments or reappointments to the Oklahoma Securities Commission, Real Estate Commission, State Athletic Commission, Accountancy Board, Commission on Consumer Credit, Uniform Building Code Commission, Abstractors Board, Used Motor Vehicle Dismantler and Manufactured Housing Commission, and State Banking Board. Most nominees briefly addressed the committee, and the nominations were advanced by unanimous or near-unanimous votes. One HB 4488 was laid over at the start of the meeting. The committee then considered several bills. HB 4322, which would remove a dual-licensure requirement for funeral directors and embalmers, drew questions about consumer protection and body care procedures and passed 6-3. HB 4202, changing workers’ compensation fee schedule treatment for radiology, passed unanimously. HB 4203, directing the Uniform Building Code Commission to explore guidelines for single-exit configurations in certain buildings up to four stories, passed 7-2 after concerns were raised about fire safety. HB 4457, dealing with specialty pharmacies, pharmacy benefit managers, and access to specialty medications, passed unanimously. Members also debated HB 3983, which would move Oklahoma’s moist smokeless tobacco tax to a weight-based system; supporters argued it would improve fairness and revenue stability, while opponents said it would raise taxes on some products and lacked consumer protections. It passed 6-3. HB 3660, authorizing natural organic reduction as an additional end-of-life option, prompted a lengthy debate over dignity, religious concerns, and consumer choice; it passed 5-4. HB 3802, prohibiting auto insurers from raising premiums solely because a spouse died, passed unanimously. HB 2933, a consumer protection insurance bill, passed 9-0 after extensive discussion of claims handling and insurer accountability. Additional insurance and regulatory measures—HB 2955, HB 2956, HB 3781, HB 3521, HB 3796, HB 3794, and HB 3800—were also advanced, most with little or no opposition. The chair closed by noting all executive nominations and legislation had been cleared from the committee for the year.
TX

Texas 89th Regular

Insurance May 20th, 2025

Insurance

Transcript Highlights:
  • options. of companies writing health insurance right now.
  • In a 2021 study, it was found that 50% of state insurance commissioners nationwide had joined the insurance
  • That way, the insurance cost that we're trying to buy would be less.
  • overall availability of insurance in the marketplace.
  • It exempts TWIA from insurance premium maintenance taxes under .017.
Bills: SB1642, SB1643, SB2530
OK

Oklahoma 2026 Regular Session

Business and Insurance 2ND REVISED Feb 12th, 2026 at 09:30 am

Business and Insurance

Transcript Highlights:
  • I would like to call this meeting of Business and Insurance to order.
  • Is that the construct we currently have in the dental insurance community?
  • We in my business in the insurance world oftentimes We fight when a vehicle is totaled, and the insured
  • We've discussed this with insurance carriers, the insurance department.
  • With that, Business and Insurance is adjourned.
OK

Oklahoma 2026 Regular Session

Senate Legislative Session Feb 12th, 2026

Oklahoma Senate Floor Meeting

Transcript Highlights:
  • Business and Insurance will meet. Thank you, Mr. President, Mr. Floor Leader.
Summary: The Senate convened, a quorum was established, and Senator Yek delivered the opening prayer. The body then granted unanimous consent for an entourage to appear on the floor for a citation presentation honoring Oklahoma State Troopers Michael Patnode and Joy McLaughlin for their quick response and lifesaving assistance during a medical emergency at the Capitol on January 13, 2026. The citation praised their professionalism and noted that emergency responders arrived in less than eight minutes because of their actions. The floor leader also recognized the Senate staff and others involved in the incident, noting that the person who had the medical emergency was recovering and had returned part-time. Senator Nice introduced an intern, Cottrell Strain, a sophomore English major at Langston University with an interest in politics. Several announcements followed, including a Farm City Festival lunch on the second floor, a Veterans and Military Affairs Committee meeting, and a Business and Insurance Committee meeting. The Senate also adopted a motion to celebrate Senator Julie Daniels’ birthday. No legislation was debated or voted on in the transcript beyond the citation and the procedural motions, and the chamber adjourned until Monday, February 16, 2026, at 1:30 p.m.
OK

Oklahoma 2026 Regular Session

Business and Insurance 2ND REVISED Feb 12th, 2026

Business and Insurance

Transcript Highlights:
  • I'd like to call this meeting of Business and Insurance to order. A couple of housekeeping items.
  • In my business in the insurance world, oftentimes we fight when a vehicle is totaled and the insured,
  • We've discussed this with insurance carriers, the insurance department.
  • I believe the insurance department is going to find this and it's already there.
  • With that, Business and Insurance is adjourned.
Summary: The Business and Insurance Committee considered a long agenda of Senate bills covering real estate, construction licensing, insurance, alcohol regulation, medical marijuana, and other business matters. Among the measures discussed were SB 1732, which preserves Oklahoma’s current rule that brokers are not required to enter into a buyer brokerage agreement before showing real estate; SB 1443, which codifies payment rules for anesthesia services and physical status modifiers; and several sunset-extension bills for boards and agencies including the architects and interior designers board, the Construction Industries Board, the Abstractors Board, and the engineering and surveying board. The committee also heard bills on workers’ compensation, dental insurance billing practices, salvage title thresholds, energy standards for state-funded buildings, self-storage lien modernization, and medical marijuana training and licensing issues. Testimony and debate focused heavily on consumer costs, market competition, and regulatory clarity. Supporters of the dental bill (SB 1942) argued it would keep insurers from setting prices for non-covered services and allow patients and providers to negotiate directly, while opponents warned it could raise costs for consumers; the bill passed 8-2. Similar free-market arguments were made for the real estate, anesthesia, and alcohol-related bills, while consumer protection concerns were raised on the self-storage and dental measures. SB 1590, which would expand a fortified-roof grant program to commercial buildings, drew discussion about funding and the state’s role in helping reduce insurance costs. SB 1767 sought stronger enforcement against out-of-state spirit shipping, with concerns noted about lost tax revenue and age verification. Most bills received committee approval, often unanimously or by wide margins, including SB 1732, SB 1217, SB 1443, SB 1455, SB 1457, SB 1459, SB 1466, SB 1944, SB 1946, SB 1352, SB 2132, SB 1920, SB 1285, SB 1304, SB 1305, SB 1326, SB 1590, and SB 1767. Several bills were amended in committee, often to update sunset dates or clarify language, and title-striking motions were adopted on some measures that were still being worked on. The meeting ended with the chair noting that 20 bills had been handled and the committee adjourned.
TX

Texas 89th Regular

Insurance Apr 30th, 2025

Insurance

Transcript Highlights:
  • If the claimant or the insured...
  • Flood Insurance Program policies.
  • It also under flood insurance policy would not just be limited to flood insurance program policies, but
  • So, in essence, if insurance companies feel the need to raise insurance rates below a 5% threshold, they
  • in a variety of insurance products.