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Texas Professional Insurance Agents Supports Legislation to Repeal the Federal Insurance Office News provided by Share this article Share this article DALLAS, March 5, 2021 /PRNewswire/  The Texas Professional Insurance Agents (Texas PIA) supports S. 524, the Federal Insurance Office Abolishment Act, introduced in the U.S. Senate by Senator Ted Cruz (R-TX). Since the Federal Insurance Office was created in 2010, it has continuously tried to increase its duties and expand the role of the federal government in insurance. Simply put, its very existence is a threat to the successful state insurance regulatory system. The Texas PIA firmly believes the insurance industry must throw its weight behind repealing the Federal Insurance Office once and for all, said David Gorman, President of the Texas PIA and Texas National Director for PIA National.

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