By: Van de Putte S.B. No. 1837
(In the Senate - Filed March 11, 2011; March 24, 2011, read
first time and referred to Committee on Business and Commerce;
May 18, 2011, reported favorably by the following vote: Yeas 8,
Nays 0; May 18, 2011, sent to printer.)
A BILL TO BE ENTITLED
AN ACT
relating to exemptions to persons required to hold a limited
property and casualty license.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subsection (c), Section 4051.101, 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
insurance company that generated, in the aggregate, less than
$40,000 in direct premium.
SECTION 2. This Act takes effect September 1, 2011.
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