By: Creighton	S.B. No. 1012
	(In the Senate - Filed February 22, 2017; March 6, 2017,
	read first time and referred to Committee on Business & Commerce;
	April 3, 2017, reported favorably by the following vote:  Yeas 8,
	Nays 0; April 3, 2017, sent to printer.)
Click here to see the committee vote

	A BILL TO BE ENTITLED
	AN ACT
	relating to notification by an insurer of certain disciplinary
	actions imposed on the insurer for a violation of the insurance laws
	of another state.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1.  Section 81.003(b), Insurance Code, is amended to
	read as follows:
	(b)  An insurer shall notify the commissioner and shall
	deliver a copy of any applicable order or judgment to the
	commissioner not later than the 30th day after the date of the:
	(1)  suspension or revocation of the insurer's right to
	transact business in another state; or
	(2)  receipt of an order to show cause why the insurer's
	license in another state should not be suspended or revoked[; or
	[(3)     imposition of a penalty, forfeiture, or sanction
	on the insurer for a violation of the insurance laws of another
	state].
	SECTION 2.  This Act takes effect September 1, 2017.
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