| 1 | 1 | | 85R5011 LED-F |
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| 2 | 2 | | By: Creighton S.B. No. 519 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the training period for a temporary insurance agent's |
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| 8 | 8 | | license. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Section 4001.160(a), Insurance Code, is amended |
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| 11 | 11 | | to read as follows: |
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| 12 | 12 | | (a) An agent, insurer, or health maintenance organization |
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| 13 | 13 | | that is considering appointment of a temporary license applicant as |
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| 14 | 14 | | its agent shall provide at least 40 hours of training to the |
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| 15 | 15 | | applicant not later than the 30th [14th] day after the date the |
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| 16 | 16 | | application, nonrefundable fee, and certificate are delivered or |
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| 17 | 17 | | mailed to the department. |
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| 18 | 18 | | SECTION 2. Section 4001.160(a), Insurance Code, as amended |
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| 19 | 19 | | by this Act, applies only with respect to an applicant for a |
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| 20 | 20 | | temporary license whose application is delivered or mailed to the |
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| 21 | 21 | | Texas Department of Insurance on or after the effective date of this |
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| 22 | 22 | | Act. With respect to an applicant whose application is delivered or |
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| 23 | 23 | | mailed before that date, an agent, insurer, or health maintenance |
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| 24 | 24 | | organization is governed by the law as it existed immediately |
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| 25 | 25 | | before the effective date of this Act, and that law is continued in |
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| 26 | 26 | | effect for that purpose. |
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| 27 | 27 | | SECTION 3. This Act takes effect immediately if it receives |
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| 28 | 28 | | a vote of two-thirds of all the members elected to each house, as |
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| 29 | 29 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 30 | 30 | | Act does not receive the vote necessary for immediate effect, this |
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| 31 | 31 | | Act takes effect September 1, 2017. |
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