| 1 | 1 | | 85R13299 SCL-D |
|---|
| 2 | 2 | | By: Bonnen of Galveston H.B. No. 3734 |
|---|
| 3 | 3 | | |
|---|
| 4 | 4 | | |
|---|
| 5 | 5 | | A BILL TO BE ENTITLED |
|---|
| 6 | 6 | | AN ACT |
|---|
| 7 | 7 | | relating to the rulemaking authority of the commissioner of |
|---|
| 8 | 8 | | insurance with respect to certain agreements and the effect of |
|---|
| 9 | 9 | | those agreements on this state's authority to regulate insurance. |
|---|
| 10 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|---|
| 11 | 11 | | SECTION 1. Subchapter A, Chapter 36, Insurance Code, is |
|---|
| 12 | 12 | | amended by adding Section 36.007 to read as follows: |
|---|
| 13 | 13 | | Sec. 36.007. RULES RELATING TO AGREEMENTS LIMITING STATE |
|---|
| 14 | 14 | | AUTHORITY TO REGULATE INSURANCE PROHIBITED; EFFECT OF AGREEMENT. |
|---|
| 15 | 15 | | (a) The commissioner may not adopt or enforce a rule that |
|---|
| 16 | 16 | | implements an interstate, national, or international agreement |
|---|
| 17 | 17 | | that: |
|---|
| 18 | 18 | | (1) infringes on the authority of this state to |
|---|
| 19 | 19 | | regulate the business of insurance in this state; and |
|---|
| 20 | 20 | | (2) was not approved by the legislature. |
|---|
| 21 | 21 | | (b) An agreement described by Subsection (a) has no effect |
|---|
| 22 | 22 | | on the authority of this state to regulate the business of insurance |
|---|
| 23 | 23 | | in this state unless the agreement is approved by the legislature. |
|---|
| 24 | 24 | | SECTION 2. This Act takes effect immediately if it receives |
|---|
| 25 | 25 | | a vote of two-thirds of all the members elected to each house, as |
|---|
| 26 | 26 | | provided by Section 39, Article III, Texas Constitution. If this |
|---|
| 27 | 27 | | Act does not receive the vote necessary for immediate effect, this |
|---|
| 28 | 28 | | Act takes effect September 1, 2017. |
|---|