| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 81R10225 TJS-D | |
| 2 | 2 | By: Flores H.B. No. 1928 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to requirements for attorneys in fact under Lloyd's plans. | |
| 8 | 8 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 9 | 9 | SECTION 1. Section 941.101(b), Insurance Code, is amended | |
| 10 | 10 | to read as follows: | |
| 11 | 11 | (b) Except as otherwise provided by this chapter, an | |
| 12 | 12 | attorney in fact must: | |
| 13 | 13 | (1) be a resident of this state; [and] | |
| 14 | 14 | (2) maintain the attorney in fact's office in this | |
| 15 | 15 | state; and | |
| 16 | 16 | (3) be made a party to any suit brought to enforce the | |
| 17 | 17 | obligations of the Lloyd's plan under a contract of insurance. | |
| 18 | 18 | SECTION 2. The change in law made by this Act applies only | |
| 19 | 19 | to an insurance policy that is delivered, issued for delivery, or | |
| 20 | 20 | renewed on or after January 1, 2010. A policy delivered, issued for | |
| 21 | 21 | delivery, or renewed before January 1, 2010, is governed by the law | |
| 22 | 22 | as it existed immediately before the effective date of this Act, and | |
| 23 | 23 | that law is continued in effect for that purpose. | |
| 24 | 24 | SECTION 3. This Act takes effect September 1, 2009. |