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  S.B. No. 1012
 
 
 
 
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.
 
 
 
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
         I hereby certify that S.B. No. 1012 passed the Senate on
  April 19, 2017, by the following vote:  Yeas 31, Nays 0.
 
 
  ______________________________
  Secretary of the Senate    
 
         I hereby certify that S.B. No. 1012 passed the House on
  May 8, 2017, by the following vote:  Yeas 142, Nays 1, two present
  not voting.
 
 
  ______________________________
  Chief Clerk of the House   
 
 
 
  Approved:
 
  ______________________________ 
              Date
 
 
  ______________________________ 
            Governor