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  H.B. No. 4492
 
 
 
 
AN ACT
  relating to annuities registered under the Securities Act of 1933.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 1115.054(a), Insurance Code, is amended
  to read and provide as follows:
         (a)  Compliance with the conduct rules of the Financial
  Industry Regulatory Authority [National Association of Securities
  Dealers] relating to suitability, or the rules of another national
  organization recognized by the commissioner, satisfies the
  requirements under this chapter for the recommendation of
  [variable] annuities registered under the Securities Act of 1933
  (15 U.S.C. Section 77a et seq.) or rules or regulations adopted
  under that Act.
         SECTION 2.  This Act takes effect September 1, 2009.
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
 
         I certify that H.B. No. 4492 was passed by the House on May 7,
  2009, by the following vote:  Yeas 146, Nays 0, 1 present, not
  voting.
 
  ______________________________
  Chief Clerk of the House   
 
 
         I certify that H.B. No. 4492 was passed by the Senate on May
  26, 2009, by the following vote:  Yeas 31, Nays 0.
 
  ______________________________
  Secretary of the Senate    
  APPROVED:  _____________________
                     Date          
   
            _____________________
                   Governor