TX
Texas Senate Bill SB1012

Texas 2017 - 85th Regular

Texas Senate Bill SB1012 Compare Versions

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1-By: Creighton S.B. No. 1012
2- (Paul, Fallon)
1+S.B. No. 1012
32
43
5- A BILL TO BE ENTITLED
64 AN ACT
75 relating to notification by an insurer of certain disciplinary
86 actions imposed on the insurer for a violation of the insurance laws
97 of another state.
108 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
119 SECTION 1. Section 81.003(b), Insurance Code, is amended to
1210 read as follows:
1311 (b) An insurer shall notify the commissioner and shall
1412 deliver a copy of any applicable order or judgment to the
1513 commissioner not later than the 30th day after the date of the:
1614 (1) suspension or revocation of the insurer's right to
1715 transact business in another state; or
1816 (2) receipt of an order to show cause why the insurer's
1917 license in another state should not be suspended or revoked[; or
2018 [(3) imposition of a penalty, forfeiture, or sanction
2119 on the insurer for a violation of the insurance laws of another
2220 state].
2321 SECTION 2. This Act takes effect September 1, 2017.
22+ ______________________________ ______________________________
23+ President of the Senate Speaker of the House
24+ I hereby certify that S.B. No. 1012 passed the Senate on
25+ April 19, 2017, by the following vote: Yeas 31, Nays 0.
26+ ______________________________
27+ Secretary of the Senate
28+ I hereby certify that S.B. No. 1012 passed the House on
29+ May 8, 2017, by the following vote: Yeas 142, Nays 1, two present
30+ not voting.
31+ ______________________________
32+ Chief Clerk of the House
33+ Approved:
34+ ______________________________
35+ Date
36+ ______________________________
37+ Governor