H.B. No. 651
 
 
 
 
AN ACT
  relating to compensation of certain persons by a domestic insurance
  company.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 841.252(a), Insurance Code, is amended
  to read as follows:
         (a)  Unless first authorized by a vote of a domestic
  insurance company's board of directors or a committee of the board
  that has the duty to authorize the payments, the company may not pay
  any compensation or emolument in an amount that, when added to any
  compensation or emolument paid to the person by an affiliated
  domestic insurance company, exceeds $150,000 [$100,000] in any year
  to an individual, firm, or corporation, including an officer or
  director of the company.
         SECTION 2.  This Act takes effect September 1, 2009.
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
 
         I certify that H.B. No. 651 was passed by the House on April
  9, 2009, by the following vote:  Yeas 148, Nays 0, 1 present, not
  voting.
 
  ______________________________
  Chief Clerk of the House   
 
 
         I certify that H.B. No. 651 was passed by the Senate on May
  12, 2009, by the following vote:  Yeas 31, Nays 0.
 
  ______________________________
  Secretary of the Senate    
  APPROVED:  _____________________
                     Date          
   
            _____________________
                   Governor