86R13214 PMO-D
By: Davis of Dallas H.B. No. 4322
A BILL TO BE ENTITLED
AN ACT
relating to prohibited employment of certain former commissioners
of insurance and employees of the Texas Department of Insurance;
creating an offense.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 33, Insurance Code, is amended by adding
Section 33.008 to read as follows:
Sec. 33.008. PROHIBITED EMPLOYMENT. (a) An individual who
served as commissioner or an employee of the department commits an
offense if, before the second anniversary of the date the
individual ceases to serve, the individual is employed by or under
contract with:
(1) a company regulated by the department;
(2) an affiliate of a company regulated by the
department;
(3) an individual or entity representing a company
regulated by the department; or
(4) an association of which a company regulated by the
department is a member.
(b) An offense under this section is a Class A misdemeanor.
SECTION 2. Section 33.008, Insurance Code, as added by this
Act, applies only to an individual who ceases to serve the Texas
Department of Insurance on or after the effective date of this Act.
SECTION 3. This Act takes effect September 1, 2019.