Texas 2017 85th Regular

Texas Senate Bill SB1072 Senate Committee Report / Bill

Filed 02/02/2025

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                    By: Hancock S.B. No. 1072
 (In the Senate - Filed February 23, 2017; March 7, 2017,
 read first time and referred to Committee on Business & Commerce;
 April 10, 2017, reported favorably by the following vote:  Yeas 8,
 Nays 1; April 10, 2017, sent to printer.)
Click here to see the committee vote


 A BILL TO BE ENTITLED
 AN ACT
 relating to confidentiality of reports and related information for
 a solvency examination of an insurance carrier.
 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 SECTION 1.  Section 401.058, Insurance Code, is amended by
 amending Subsection (a) and adding Subsection (c) to read as
 follows:
 (a)  Except as provided by Subsection (c), a [A] final or
 preliminary examination report and any information obtained during
 an examination are confidential and privileged for all purposes.
 This information is [are] not subject to:
 (1)  disclosure under Chapter 552, Government Code;
 (2)  a subpoena, other than a grand jury subpoena; or
 (3)  discovery or admissibility in evidence in a civil
 action.
 (c)  Subsection (a) does not limit the commissioner's
 authority to use a final or preliminary examination report and any
 information obtained during an examination in the furtherance of
 any legal or regulatory action that the commissioner, in the
 commissioner's sole discretion, considers appropriate.
 SECTION 2.  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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