InsuranceJobs.com Shares News of the Senate Insurance Deregulation Bill
Leading Insurance Career Site, InsuranceJobs.com, shares news of Senate Insurance Deregulation Bill.
Atlanta, GA (PRWEB) – InsuranceJobs.com, the leading insurance jobs website for insurance professionals, shares news of Senate Insurance Deregulation Bill.
The new bill proposed by Senators Jon Tester of Montana and Mike Johanns of Nebraska, will instate a new system that will allow any licensed insurance expert to sell insurance in any state. The current law mandates that insurance agents sell insurance policies only in the state in which they have a license. To practice in multiple states insurance professionals must obtain licenses for each state.
Many believe that this will increase competition amongst insurance professionals because insurance agents will no longer be able to corner any particular market or maintain competitive advantage in certain regions. With insurance agent jobs losing much of the restriction imposed by the previous law, the scope of business prospects for workers in the insurance industry could potentially greatly increases.
According to The Huffington Post, the great debate exists between insurance agents, who have been actively pushing for government to remove some of the red tape that complicates their work, and consumer groups who insist insurance agents cannot adequately serve multiple regions because of the varying insurance concerns of those regions.
Although the bill may potentially bring great opportunity for insurance professionals, some argue that spreading themselves across regions may diminish the quality of work produced. Another stance proposes that for the new licensing program to be effective, state laws should be abolished and replaced with a federal standard of laws for the insurance industry. Only time will tell how these changes sweeping the insurance industry will affect the work of insurance professionals.
Established in 2006, InsuranceJobs.com is the leading insurance employment website for the insurance industry. Currently the site has over 250,000 registered job seekers and 6,500 registered employers. Users can create a profile, upload their resume, apply to positions and engage in our social communities. Employers can post insurance job opportunities and browse a resume bank for applicants. Thousands of new insurance jobs are listed each month by geographic location and specialty, including: actuarial, adjuster, agents, claims, clerical, customer service, health, life, risk management, insurance sales jobs, investigators, insurance underwriters, workers compensation and more.