| |
| |
| |
|
|
AN ACT
|
|
|
relating to notice to certain insurers by the Texas Department of |
|
|
Insurance regarding supervision or conservatorship of certain |
|
|
insurance agents. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 441.201, Insurance Code, is amended by |
|
|
adding Subsection (g) to read as follows: |
|
|
(g) Notwithstanding Subsection (a), if the commissioner |
|
|
places a title insurance agent licensed under Title 11 or an |
|
|
insurance agent licensed under Title 13 under supervision or in |
|
|
conservatorship, the commissioner shall provide written notice of |
|
|
the order of supervision or conservatorship to each insurer for |
|
|
which the agent holds an appointment under Subchapter A, Chapter |
|
|
2651, or Subchapter E, Chapter 4001, or other applicable law, on the |
|
|
date the supervisor or conservator is appointed. |
|
|
SECTION 2. Section 441.201(g), Insurance Code, as added by |
|
|
this Act, applies to an order of supervision or conservatorship |
|
|
issued under Chapter 441, Insurance Code, on or after the effective |
|
|
date of this Act. An order issued before the effective date of this |
|
|
Act is governed by the law as it existed immediately before the |
|
|
effective date of this Act, and that law is continued in effect for |
|
|
that purpose. |
|
|
SECTION 3. This Act takes effect September 1, 2017. |
| |
| |
| |
______________________________ |
______________________________ |
| |
President of the Senate |
Speaker of the House |
| |
| |
|
|
I certify that H.B. No. 2542 was passed by the House on May |
|
|
12, 2017, by the following vote: Yeas 143, Nays 0, 1 present, not |
|
|
voting. |
|
|
|
|
|
______________________________ |
|
|
Chief Clerk of the House |
| |
| |
|
|
I certify that H.B. No. 2542 was passed by the Senate on May |
|
|
24, 2017, by the following vote: Yeas 31, Nays 0. |
|
|
|
|
|
______________________________ |
|
|
Secretary of the Senate |
|
|
APPROVED: _____________________ |
|
|
Date |
|
|
|
|
|
_____________________ |
|
|
Governor |