NAIFA-Texas eNewsletter - Sept. 2008

Collectively creating value for Texas' Insurance  Agents and Finanical Advisors 

In This Issue
PAC
Membership News
NAIFA-Texas In Action
Leadership In Life Institute
NAIFA In Action

The Importance of Political Action
 
Over the years, PAC disbursements to candidates have played a major role in
improving relationships and
understanding between lawmakers and insurance and financial advisors.  PAC
participation in political campaigns helps to create a receptive climate for NAIFA-TX representatives (Key Contacts) when they call on legislators.
 
NAIFA-TX receives contribution requests from candidates on a daily basis.

  
________________________ 
 
 How can you help?
 
Are you currently a PAC Contributor?
 
Have you considered upgrading your PAC Commitment?
 
Can you deliver a check to a candidate in your district?
 
 
Click here for enrollment form
 

Click Here to Contribute Online: Visa/MasterCard
Or American Express.

 
____________________________
  
Contribution Levels 
 

Century Club  $8.50/mo.       $100-$199
Ambassador  $17.00/mo      $200-$299
Statesman     $25.00/mo      $300-$499
Envoy            $42.00/mo.     $500-$999
Diplomat       $84 / mo.  $1,000-$2,499
Emissary       $210 /mo.  $2,500-$4,999
Capitol          $416.00/mo.      $5,000
 
Mail Contributions to:
 
IFAPAC
P.O. Box 759063
Baltimore, MD  21275-9063
_____________________________ 
 
Political Action Committee
Contribution Levels

T. Leslie Littleton, Chair     (Diplomat)
B. Keith Potts, Vice-Chair   (Envoy)
Des M. Taylor, Treasurer    (Envoy)
Douglas E. Aycock             
(Diplomat)
Marvin L. Spreen                (Envoy)
Roland G. Barrera               (Envoy)
H. Dan Smith                      (Capitol)
 

_____________________________ 

NAIFA-TX Board
Contribution Levels
 

 
Earl A. Thompson                (Diplomat)
Randy T. Robertson              (Envoy)
Cylinda A. Clark                   (Diplomat)
Alan B. Carl                         (Diplomat)
Ron Mullen                           (Envoy)
Des M. Taylor                        (Envoy)
Kirk H. Haworth               (Ambassador)
Don (Lane) Boozer              (Diplomat)
Douglas B. Massey              (Diplomat)
Lesley Pinckard                (Statesman)
Paul E. Eisen                     (Statesman)
Bobby N. Simpson            (Statesman)
Stephen M. Ehlers                (Diplomat)
 

                                               

Did You Know?
Membership News From
Across the State

 
Did you know that the NAIFA-TX Officers & Regional Directors have committed to obtain the following new members?
  
NAIFA-TX Officers:
President Earl A. Thompson - 5
Pres. Elect Randy Robertson - 4
Sec./Treasurer Cylinda Clark - 4
Past-President Alan Carl - 4
Nat'l Cmteman Ron Mullen - 2
CEO/CLO Des Taylor - 2
 
NAIFA-TX Directors: 
Kirk Haworth, Reg #1 - 4
Lane Boozer, Reg #2 - 3
Douglas Massey, Reg #3 - 3
Lesley Pinckard, Reg #4 - 3
Paul Eisen, Reg #6 - 5
Bobby Simpson, Reg #7 - 4
Steve Ehlers, Reg #9 - 4
 
Total New Member Commitments    47
 
Will the Board & Directors
obtain their goal?
_________________________ 

 2008-2009 Quarterly
Membership Contest!!!
 
The new State Membership Chair, Alyson Guest, NAIFA-Houston has created a membership contest for new members.  NAIFA-TX Members and Local Associations can WIN MONEY quarterly.

 
                                               
Benchmark Dates:
September 30
January 31
March 31
June 30
 
At the end of each Membership Benchmark period, (see dates above) a member will have a chance to win $300 if they recruit a new member during the quarter.  Every time a member recruits a new member, their name will go into the drawing for $300.00.  Only one member per period will win.
 
(Make sure your name is listed on the "referred by" section on every new member application.)
 
Local Associations:
Each Local Association that meets their NAIFA Quarterly Benchmark has a chance
to win $300.00.  If more than one local association reaches their benchmark goal, one
winner will be drawn from a hat.  If none of the local
associations reach their benchmark goal, the
money will carry over into the following quarter.
 
Good Luck NAIFA-TX Members & Local Associations!!!

State Windpool Faces Huge                                     Losses in Aftermath of Ike
The Texas Windstorm Insurance Association (TWIA), the insurer of "last resort" for many coastal residents may have to levy assessments on insurance companies to cover Ike-related losses that exceed $2.1 billion, the fund total, according to a TWIA spokesman.  Under the windpool's financing scheme, insurance companies will have to pay upfront any deficit.  But taxpayers ultimately would pay the tab through tax breaks to repay the companies.  The 81st Texas Legislature is expected to consider changes in the operations/funding mechanism for TWIA when the lawmakers convene next January.   
 
 
 



Perry Proclaims September 2008 Life                    Insurance Awareness Month in Texas
Texas Governor Rick Perry has proclaimed September 2008 Life Insurance Awareness Month in Texas.

 

Calling life insurance "an important part of a person's strategy for an unforeseen future," Perry encouraged Texans "to consider the important role that life insurance can play in helping ensure your family's security and well-being."

 

In his August 12th Proclamation, he said that "[a] small investment of time and money now can make all the difference for your family's future."  With the Governor's support, NAIFA-Texas members have a unique opportunity to raise awareness of their products and the countless ways they serve the people of Texas. 

 

Resources are available online to help you make the most out of Life Insurance Awareness Month:

 

Governor Perry's Proclamation

 

Marketing tools for agents to use

 

Promotional tools for local associations: http://www.naifa.org/newsevents/liam/

 

Life Foundation resources:
http://lifehappens.org/liam/

Leadership in Life Institute
  
 PHOTO: Top: (left to right) Spike Borawski, Eddie Tate, Neil Riddick Middle: Deborah Gary, Ken Quach, Karen Easterling, Terry Jones Bottom: Melissa McConnville, Geordie Hrdlicka 
 
Congratulations to the 2008 Graduates of            NAIFA-Texas Leadership in Life Institute!
On Thursday July 24, NAIFA-Texas celebrated the graduation of eight Leadership in Life Institute students. The 2008 LILI class included the largest number of local association officers to ever comprise a single Texas class.  Congratulations to:

Deborah Gary of NAIFA-East Texas;
Eddie Tate, CLU, LUTCF of NAIFA-Fort Worth
Geordie Hrdlicka, J.D., LL.M, CFP of NAIFA-Houston
Karen Easterling of NAIFA-Austin;
Ken Quach, CLU, ChFC, CASL of NAIFA-Houston;
Melissa McConnville of NAIFA-San Antonio;
Neil Riddick of NAIFA-Dallas;
Spike Borawski, MBA, LUTCF, LUCP of NAIFA-San Antonio; and
Terry Jones of NAIFA-Texoma.
 
 
Applications Now Available for 2009 Leadership in Life Institute
The Leadership in Life Institute (LILI) is NAIFA-Texas's greatest opportunity for professional development and personal growth.  Each year, students from across the state gather for six sessions of intense discussion and instruction, aimed at helping students get the most out of their personal, professional and association lives.  Acceptance to the Institute is by application only, with space limited to 12 students each year. 
 
The application for the 2009 Leadership in Life Institute is now available.  Please take a moment to consider applying to be a part of LILI.  Classes begin in February and run through July of 2009. 
 

Texas Tops States in Rate of                                    Residents Without Health Coverage
Texas once again led the nation with the highest percentage of residents without health insurance, according to a U.S. Census Bureau Report.  24.8%, or 5.7 million, Texans lacked any kind of health insurance.  California topped the nation with the greatest number of uninsured residents, tallying 6.7 million in the same reporting period. 
 
The national average of uninsured Americans dropped from 15.8% in 2006 to 15.3% in 2007. 
 
The top five most uninsured states are:
 
Texas - 24.8%  

New Mexico - 22.7%
 
Florida - 20.7%
 
Louisiana - 20.2%
 
Mississippi - 19.8% 
NAIFA Opposes Federal Oversight                                of Indexed Annuities
On August 21, 2008, the NAIFA Board of Trustees voted to oppose Rule 151A, proposed by the Securities and Exchange Commission (SEC), which would classify most indexed annuities as securities.  Under the proposed rule, the SEC and the Financial Industry Regulatory Authority (FINRA) would have regulatory authority over most indexed annuities, which have traditionally been viewed as insurance products under the supervision of state insurance regulators.  The move by the SEC has raised concerns about whether its provisions would or could be used to bring other types of annuity or insurance products under the jurisdiction of the SEC and FINRA.
 
The National Association of Insurance Commissioners (NAIC) requested a 90-day extension of the SEC's comment period on the proposed rule, so that state commissioners could discuss the proposed rule at its fall meeting in Washington September 22-24.
 
 
 
National Council Approves NAIFA Board             Position on Optional Federal Charter
 
On September 10, NAIFA's National Council voted to adopt a position on Optional Federal Charter (OFC).  The position, put forward to the National Council by NAIFA's Board of Trustees, would provide support to OFC legislation, provided that it contained certain provisions, including true agent choice, enhanced consumer protections, the preservation of state regulation and the establishment of a single federal entity with expertise in insurance matters.
 
Insurance reform is a hotly debated topic amongst various industry groups.  Many companies argue that being chartered federally, rather than by state, would increase efficiency and the speed-to-market of new products, offering greater benefit to consumers.  State insurance commissioners who make up the National Association of Insurance Commissioners (NAIC) have argued that Optional Federal Charter would limit their ability to effectively regulate insurance in the unique setting of each state, and could limit the protection they are able to provide consumers. 
 
To learn more about the current issues in insurance reform, please visit: www.naifa.org/irr