BILL ANALYSIS H.B. 1073 By: Smithee Insurance Committee Report (Unamended) BACKGROUND AND PURPOSE Interested parties note that the Texas Department of Insurance may issue a provisional permit to eligible applicants for certain licenses but not to an applicant for a life agent license. H.B. 1073 seeks to address this issue by extending the applicability of statutory provisions relating to a provisional permit to such an applicant. CRIMINAL JUSTICE IMPACT It is the committee's opinion that this bill does not expressly create a criminal offense, increase the punishment for an existing criminal offense or category of offenses, or change the eligibility of a person for community supervision, parole, or mandatory supervision. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution. ANALYSIS H.B. 1073 amends the Insurance Code to make statutory provisions relating to the authority of the Texas Department of Insurance to issue a provisional permit to an eligible license applicant who is being considered for appointment as an agent by another agent, an insurer, or a health maintenance organization applicable to an applicant for a life agent license. EFFECTIVE DATE September 1, 2017.
BILL ANALYSIS
# BILL ANALYSIS
H.B. 1073
By: Smithee
Insurance
Committee Report (Unamended)
H.B. 1073
By: Smithee
Insurance
Committee Report (Unamended)
BACKGROUND AND PURPOSE Interested parties note that the Texas Department of Insurance may issue a provisional permit to eligible applicants for certain licenses but not to an applicant for a life agent license. H.B. 1073 seeks to address this issue by extending the applicability of statutory provisions relating to a provisional permit to such an applicant.
CRIMINAL JUSTICE IMPACT It is the committee's opinion that this bill does not expressly create a criminal offense, increase the punishment for an existing criminal offense or category of offenses, or change the eligibility of a person for community supervision, parole, or mandatory supervision.
RULEMAKING AUTHORITY It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.
ANALYSIS H.B. 1073 amends the Insurance Code to make statutory provisions relating to the authority of the Texas Department of Insurance to issue a provisional permit to an eligible license applicant who is being considered for appointment as an agent by another agent, an insurer, or a health maintenance organization applicable to an applicant for a life agent license.
EFFECTIVE DATE September 1, 2017.
BACKGROUND AND PURPOSE
Interested parties note that the Texas Department of Insurance may issue a provisional permit to eligible applicants for certain licenses but not to an applicant for a life agent license. H.B. 1073 seeks to address this issue by extending the applicability of statutory provisions relating to a provisional permit to such an applicant.
CRIMINAL JUSTICE IMPACT
It is the committee's opinion that this bill does not expressly create a criminal offense, increase the punishment for an existing criminal offense or category of offenses, or change the eligibility of a person for community supervision, parole, or mandatory supervision.
RULEMAKING AUTHORITY
It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.
ANALYSIS
H.B. 1073 amends the Insurance Code to make statutory provisions relating to the authority of the Texas Department of Insurance to issue a provisional permit to an eligible license applicant who is being considered for appointment as an agent by another agent, an insurer, or a health maintenance organization applicable to an applicant for a life agent license.
EFFECTIVE DATE
September 1, 2017.