By: Paul (Senate Sponsor - Creighton) H.B. No. 1197
(In the Senate - Received from the House March 20, 2017;
April 12, 2017, read first time and referred to Committee on
Business & Commerce; May 9, 2017, reported favorably by the
following vote: Yeas 5, Nays 0; May 9, 2017, sent to printer.)
Click here to see the committee vote
A BILL TO BE ENTITLED
AN ACT
relating to the training period for a temporary insurance agent's
license.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 4001.160(a), Insurance Code, is amended
to read as follows:
(a) An agent, insurer, or health maintenance organization
that is considering appointment of a temporary license applicant as
its agent shall provide at least 40 hours of training to the
applicant not later than the 30th [14th] day after the date the
application, nonrefundable fee, and certificate are delivered or
mailed to the department.
SECTION 2. Section 4001.160(a), Insurance Code, as amended
by this Act, applies only with respect to an applicant for a
temporary license whose application is delivered or mailed to the
Texas Department of Insurance on or after the effective date of this
Act. With respect to an applicant whose application is delivered or
mailed before that date, an agent, insurer, or health maintenance
organization is governed by the law as it existed immediately
before the effective date of this Act, and that law is continued in
effect for that purpose.
SECTION 3. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2017.
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