By: Carona S.B. No. 411
(In the Senate - Filed February 6, 2013; February 13, 2013,
read first time and referred to Committee on Business and Commerce;
February 27, 2013, reported adversely, with favorable Committee
Substitute by the following vote: Yeas 8, Nays 0;
February 27, 2013, sent to printer.)
COMMITTEE SUBSTITUTE FOR S.B. No. 411 By: Carona
A BILL TO BE ENTITLED
AN ACT
relating to insurers' duty to provide information in a fraud
investigation.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 701.108, Insurance Code, is amended to
read as follows:
Sec. 701.108. INSURER'S DUTY TO PROVIDE INFORMATION.
(a) On the written request of an authorized governmental agency,
an insurer shall provide to the agency any relevant information or
material relating to a matter under investigation.
(b) An insurer must respond to a request under Subsection
(a) from the department not later than the 15th day after the date
the request is received. On written request of the insurer, the
department shall extend the period 10 days.
SECTION 2. Section 701.108, Insurance Code, as amended by
this Act, applies only to a request by the Texas Department of
Insurance made on or after the effective date of this Act. A
request made before the effective date of this Act is governed by
the law in effect when the request was made, and the former law is
continued in effect for that purpose.
SECTION 3. This Act takes effect September 1, 2013.
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