82R15576 TRH-F
By: Paxton H.B. No. 3005
Substitute the following for H.B. No. 3005:
By: Torres C.S.H.B. No. 3005
A BILL TO BE ENTITLED
AN ACT
relating to the requirement that certain persons hold a limited
property and casualty insurance license.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 4051.101(c), Insurance Code, is amended
to read as follows:
(c) This section does not apply to a person who wrote for the
previous calendar year:
(1) policies authorized by Chapter 911 for a farm
mutual insurance company that generated, in the aggregate, less
than $50,000 in direct premium; [or]
(2) industrial fire insurance policies that
generated, in the aggregate, less than $20,000 in direct premium;
or
(3) policies authorized by Chapter 962 for an insurer
that generated, in the aggregate, less than $40,000 in direct
premium.
SECTION 2. This Act takes effect September 1, 2011.