Texas 2021 - 87th Regular

Texas House Bill HB4030 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	H.B. No. 4030
	1	+	By: Smithee (Senate Sponsor - Hancock) H.B. No. 4030
	2	+	(In the Senate - Received from the House May 3, 2021;
	3	+	May 10, 2021, read first time and referred to Committee on Business &
	4	+	Commerce; May 14, 2021, reported adversely, with favorable
	5	+	Committee Substitute by the following vote: Yeas 8, Nays 0;
	6	+	May 14, 2021, sent to printer.)
	7	+	Click here to see the committee vote
	8	+	COMMITTEE SUBSTITUTE FOR H.B. No. 4030 By: Hancock
2	9
3	10
	11	+	A BILL TO BE ENTITLED
4	12		AN ACT
5	13		relating to the licensing and regulation of insurance
6	14		professionals.
7	15		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
8	16		SECTION 1. Section 443.156(a), Insurance Code, is amended
9	17		to read as follows:
10	18		(a) Every person who represented the insurer as an agent and
11	19		receives notice in the form prescribed in Section 443.155 that the
12	20		insurer is the subject of a liquidation order, not later than the
13	21		30th day after the date of the notice, shall provide to the
14	22		liquidator, in addition to the information the agent may be
15	23		required to provide pursuant to Section 443.010, the information in
16	24		the agent's records related to any policy issued by the insurer
17	25		through the agent and any policy issued by the insurer through an
18	26		agent under contract to the agent[, including the name and address
19	27		of any subagent]. For purposes of this subsection, a policy is
20	28		issued through an agent if the agent has a property interest in the
21	29		expiration of the policy or if the agent has had in the agent's
22	30		possession a copy of the declarations of the policy at any time
23	31		during the life of the policy, except where the ownership of the
24	32		expiration of the policy has been transferred to another.
25	33		SECTION 2. Section 521.151, Insurance Code, is amended to
26	34		read as follows:
27	35		Sec. 521.151. APPLICABILITY OF SUBCHAPTER. This subchapter
28	36		applies to any legal entity engaged in the business of insurance in
29	37		this state, including:
30	38		(1) a capital stock insurance company;
31	39		(2) a mutual insurance company;
32	40		(3) a title insurance company;
33	41		(4) a fraternal benefit society;
34	42		(5) a local mutual aid association;
35	43		(6) a statewide mutual assessment company;
36	44		(7) a county mutual insurance company;
37	45		(8) a Lloyd's plan;
38	46		(9) a reciprocal or interinsurance exchange;
39	47		(10) a stipulated premium company;
40	48		(11) a group hospital service corporation;
41	49		(12) a farm mutual insurance company;
42	50		(13) a risk retention group;
43	51		(14) an eligible surplus lines insurer; and
44	52		(15) an agent, broker, or adjuster[, or life and
45	53		health insurance counselor].
46	54		SECTION 3. Section 541.002(2), Insurance Code, is amended
47	55		to read as follows:
48	56		(2) "Person" means an individual, corporation,
49	57		association, partnership, reciprocal or interinsurance exchange,
50	58		Lloyd's plan, fraternal benefit society, or other legal entity
51	59		engaged in the business of insurance, including an agent, broker,
52	60		or adjuster[, or life and health insurance counselor].
53	61		SECTION 4. Section 544.001, Insurance Code, is amended to
54	62		read as follows:
55	63		Sec. 544.001. APPLICABILITY OF SUBCHAPTER. This subchapter
56	64		applies to:
57	65		(1) any legal entity engaged in the business of
58	66		insurance in this state, including:
59	67		(A) a capital stock insurance company;
60	68		(B) a mutual insurance company;
61	69		(C) a title insurance company;
62	70		(D) a fraternal benefit society;
63	71		(E) a local mutual aid association;
64	72		(F) a statewide mutual assessment company;
65	73		(G) a county mutual insurance company;
66	74		(H) a Lloyd's plan;
67	75		(I) a reciprocal or interinsurance exchange;
68	76		(J) a stipulated premium company;
69	77		(K) a group hospital service corporation;
70	78		(L) a farm mutual insurance company;
71	79		(M) a risk retention group;
72	80		(N) an eligible surplus lines insurer; and
73	81		(O) an agent, broker, or adjuster[, or life and
74	82		health insurance counselor]; and
75	83		(2) a health maintenance organization.
76	84		SECTION 5. Section 544.051, Insurance Code, is amended to
77	85		read as follows:
78	86		Sec. 544.051. APPLICABILITY OF SUBCHAPTER. This subchapter
79	87		applies to any individual, corporation, association, partnership,
80	88		or other legal entity engaged in the business of insurance,
81	89		including:
82	90		(1) a fraternal benefit society;
83	91		(2) a county mutual insurance company;
84	92		(3) a Lloyd's plan;
85	93		(4) a reciprocal or interinsurance exchange;
86	94		(5) a farm mutual insurance company; and
87	95		(6) an agent, broker, or adjuster[, or life and health
88	96		insurance counselor].
89	97		SECTION 6. Section 1131.056(a), Insurance Code, is amended
90	98		to read as follows:
91	99		(a) In this section, "agent" includes a general agent[,
92	100		subagent,] or a salesperson.
93	101		SECTION 7. Section 4001.002(b), Insurance Code, is amended
94	102		to read as follows:
95	103		(b) This title does not apply to:
96	104		(1) a resident of this state who arbitrates in the
97	105		adjustment of losses between an insurer and an insured, a marine
98	106		adjuster who adjusts particular or general average losses of
99	107		vessels or cargoes if the adjuster paid an occupation tax of $200
100	108		for the year in which the adjustment is made, or a practicing
101	109		attorney at law in this state, acting in the regular transaction of
102	110		the person's business as an attorney at law, who is not a local
103	111		agent and is not acting as an adjuster for an insurer;
104	112		(2) [a full-time home office salaried employee of an
105	113		insurer authorized to engage in the business of insurance in this
106	114		state, other than an employee who solicits or receives an
107	115		application for the sale of insurance through an oral, written, or
108	116		electronic communication in accordance with Subchapter G, Chapter
109	117		4051;
110	118		[(3)] an attorney in fact or the traveling salaried
111	119		representative of a reciprocal or interinsurance exchange admitted
112	120		to engage in the business of insurance in this state as to business
113	121		transacted through the attorney in fact or salaried representative;
114	122		(3) [(4)] the attorney in fact for a Lloyd's plan;
115	123		(4) [(5)] the group motor vehicle insurance business
116	124		or the group motor vehicle department of a company engaged in that
117	125		business; or
118	126		(5) [(6)] a salaried employee who is not involved in
119	127		soliciting or negotiating insurance in the office of an agent and
120	128		who devotes the employee's full time to clerical and administrative
121	129		services, including the incidental taking of information from
122	130		customers and receipt of premiums in the office of an agent, if:
123	131		(A) the employee does not receive any
124	132		commissions; and
125	133		(B) the employee's compensation is not varied by
126	134		the volume of premiums taken and received.
127	135		SECTION 8. Section 4001.003(1), Insurance Code, is amended
128	136		to read as follows:
129	137		(1) "Agent" means a person who is an authorized agent
130	138		of an insurer or health maintenance organization [, a subagent,]
131	139		and any other person who performs the acts of an agent, whether
132	140		through an oral, written, electronic, or other form of
133	141		communication, by soliciting, negotiating, procuring, or
134	142		collecting a premium on an insurance or annuity contract, or who
135	143		represents or purports to represent a health maintenance
136	144		organization, including a health maintenance organization offering
137	145		only a single health care service plan, in soliciting, negotiating,
138	146		procuring, or effectuating membership in the health maintenance
139	147		organization. The term does not include:
140	148		(A) a regular salaried officer or employee of an
141	149		insurer, health maintenance organization, or agent who:
142	150		(i) devotes substantially all of the
143	151		officer's or employee's time to activities other than the
144	152		solicitation of applications for insurance, annuity contracts, or
145	153		memberships;
146	154		(ii) does not receive a commission or other
147	155		compensation directly dependent on the business obtained; and
148	156		(iii) does not solicit or accept from the
149	157		public applications for insurance, annuity contracts, or
150	158		memberships;
151	159		(B) an employer or an employer's officer or
152	160		employee or a trustee of an employee benefit plan, to the extent
153	161		that the employer, officer, employee, or trustee is engaged in the
154	162		administration or operation of an employee benefits program
155	163		involving the use of insurance or annuities issued by an insurer or
156	164		memberships issued by a health maintenance organization, if the
157	165		employer, officer, employee, or trustee is not directly or
158	166		indirectly compensated by the insurer or health maintenance
159	167		organization issuing the insurance or annuity contracts or
160	168		memberships;
161	169		(C) except as otherwise provided by this code, a
162	170		depository institution, or an officer or employee of a depository
163	171		institution, to the extent that the depository institution or
164	172		officer or employee collects and remits premiums or charges by
165	173		charging those premiums or charges against accounts of depositors
166	174		on the orders of those depositors; or
167	175		(D) a person or the employee of a person who has
168	176		contracted to provide administrative, management, or health care
169	177		services to a health maintenance organization and who is
170	178		compensated for those services by the payment of an amount computed
171	179		as a percentage of the revenues, net income, or profit of the health
172	180		maintenance organization, if that method of compensation is the
173	181		sole basis for subjecting that person or the employee of the person
174	182		to this title.
175	183		SECTION 9. Section 4001.051(b), Insurance Code, is amended
176	184		to read as follows:
177	185		(b) Regardless of whether the act is done at the request of
178	186		or by the employment of an insurer, broker, or other person, a
179	187		person is the agent of the insurer for which the act is done or risk
180	188		is taken for purposes of the liabilities, duties, requirements, and
181	189		penalties provided by this title or [,] Chapter 21[, or a provision
182	190		listed in Section 4001.009] if the person:
183	191		(1) solicits insurance on behalf of the insurer;
184	192		(2) receives or transmits other than on the person's
185	193		own behalf an application for insurance or an insurance policy to or
186	194		from the insurer;
187	195		(3) advertises or otherwise gives notice that the
188	196		person will receive or transmit an application for insurance or an
189	197		insurance policy;
190	198		(4) receives or transmits an insurance policy of the
191	199		insurer;
192	200		(5) examines or inspects a risk;
193	201		(6) receives, collects, or transmits an insurance
194	202		premium;
195	203		(7) makes or forwards a diagram of a building;
196	204		(8) takes any other action in the making or
197	205		consummation of an insurance contract for or with the insurer other
198	206		than on the person's own behalf; or
199	207		(9) examines into, adjusts, or aids in adjusting a
200	208		loss for or on behalf of the insurer.
201	209		SECTION 10. Section 4001.106(b), Insurance Code, is amended
202	210		to read as follows:
203	211		(b) The department shall issue a license to a corporation or
204	212		partnership if the department determines that:
205	213		(1) the corporation or partnership is:
206	214		(A) organized under the laws of this state or
207	215		another state; and
208	216		(B) authorized by its articles of incorporation
209	217		or its partnership agreement to act as an agent;
210	218		(2) at least one officer of the corporation or one
211	219		active partner of the partnership and all other persons performing
212	220		any acts of an agent on behalf of the corporation or partnership in
213	221		this state are individually licensed by the department separately
214	222		from the corporation or partnership;
215	223		(3) the corporation or partnership will have the
216	224		ability to pay any amount up to $25,000 that it might become legally
217	225		obligated to pay under a claim made against it by a customer and
218	226		caused by a negligent act, error, or omission of the corporation or
219	227		partnership or a person for whose acts the corporation or
220	228		partnership is legally liable in the conduct of its business under
221	229		this code;
222	230		(4) if engaged in the business of insurance, the
223	231		corporation or partnership intends to be actively engaged in that
224	232		business as required under Section 4001.104(a);
225	233		(5) [each location from which the corporation or
226	234		partnership will engage in business in this state under authority
227	235		of a license issued by the department is registered separately with
228	236		the department;
229	237		[(6)] the corporation or partnership has submitted the
230	238		application, appropriate fees, and any other information required
231	239		by the department; and
232	240		(6) [(7)] an officer, director, member, manager,
233	241		partner, or other person who has the right or ability to control the
234	242		corporation or partnership has not:
235	243		(A) had a license suspended or revoked or been
236	244		the subject of any other disciplinary action by a financial or
237	245		insurance regulator of this state, another state, or the United
238	246		States; or
239	247		(B) committed an act for which a license may be
240	248		denied under Subchapter C, Chapter 4005.
241	249		SECTION 11. Section 4001.153, Insurance Code, is amended to
242	250		read as follows:
243	251		Sec. 4001.153. APPLICATION FOR AND ISSUANCE OF TEMPORARY
244	252		LICENSE. (a) Except as provided by Subsection (b), the [The]
245	253		department shall issue a temporary license immediately on receipt
246	254		of a properly completed application executed by the applicant in
247	255		the form required by Section 4001.102 and accompanied by:
248	256		(1) the nonrefundable filing fee set by the
249	257		department; and
250	258		(2) a certificate signed by an officer or properly
251	259		authorized representative of an agent, insurer, or health
252	260		maintenance organization stating that:
253	261		(A) the applicant is being considered for
254	262		appointment by the agent, insurer, or health maintenance
255	263		organization as its full-time agent;
256	264		(B) the agent, insurer, or health maintenance
257	265		organization desires that the applicant be issued a temporary
258	266		license; and
259	267		(C) the applicant will complete training as
260	268		prescribed by Section 4001.160 under the agent's, insurer's, or
261	269		health maintenance organization's supervision.
262	270		(b) The department may deny a license application under this
263	271		subchapter if the department determines that any of the grounds
264	272		exist for license denial or disciplinary action under Section
265	273		4005.101 of this code or Chapter 53, Occupations Code.
266	274		SECTION 12. Section 4001.155, Insurance Code, is amended to
267	275		read as follows:
268	276		Sec. 4001.155. TERM OF TEMPORARY LICENSE. A temporary
269	277		license is valid for 180 [90] days after the date of issuance.
270	278		SECTION 13. Section 4001.352, Insurance Code, is amended to
271	279		read as follows:
272	280		Sec. 4001.352. AUTHORITY TO ISSUE PROVISIONAL PERMIT.
273	281		(a) The department may, in conjunction with a license application
274	282		under Section 4001.102, issue a provisional permit to an applicant
275	283		who is being considered for appointment as an agent by another
276	284		agent, an insurer, or a health maintenance organization.
277	285		(b) The department may suspend the issuance of a provisional
278	286		permit under this subchapter if:
279	287		(1) the department's processing time for license
280	288		applications has not exceeded 21 days in any month in the preceding
281	289		90 days before the suspension; and
282	290		(2) the department provides notice both on its
283	291		Internet website and to applicants for provisional licenses that
284	292		the provisional license applications are temporarily suspended
285	293		because sufficient processing time for permanent licenses is
286	294		available to allow for those licenses to be processed in not more
287	295		than 21 days for a completed application.
288	296		SECTION 14. Section 4002.003(a), Insurance Code, is amended
289	297		to read as follows:
290	298		(a) The department may not require a person to take an
291	299		examination under this chapter if the person is:
292	300		(1) an applicant for the renewal of an unexpired
293	301		license issued by the department;
294	302		(2) an applicant whose license issued by the
295	303		department expired less than one year before the date of the
296	304		application, if the previous license was not denied, revoked, or
297	305		suspended by the commissioner;
298	306		(3) a partnership, corporation, or depository
299	307		institution;
300	308		(4) an applicant for a life, accident, and health
301	309		license who is designated as a chartered life underwriter (CLU);
302	310		(5) [an applicant for a life and health insurance
303	311		counselor license who is designated as a chartered life underwriter
304	312		(CLU), chartered financial consultant (ChFC), or certified
305	313		financial planner (CFP);
306	314		[(6)] an applicant for a property and casualty license
307	315		who is designated as a chartered property casualty underwriter
308	316		(CPCU);
309	317		(6) [(7)] an applicant for a specialty license issued
310	318		under Chapter 4055;
311	319		(7) [(8)] a nonresident individual who is exempt from
312	320		the examination requirement under Chapter 4056; or
313	321		(8) [(9)] an applicant for a general life, accident,
314	322		and health license or a life agent license who was authorized to
315	323		solicit or procure insurance on behalf of a fraternal benefit
316	324		society on September 1, 1999, if the applicant:
317	325		(A) solicited or procured insurance on behalf of
318	326		the fraternal benefit society for at least 24 months preceding
319	327		September 1, 1999; and
320	328		(B) does not, on or after September 1, 1999,
321	329		solicit or procure:
322	330		(i) insurance for any other insurer or a
323	331		different fraternal benefit society;
324	332		(ii) an insurance contract from anyone
325	333		other than a person who is eligible for membership in the fraternal
326	334		benefit society; or
327	335		(iii) an interest-sensitive life insurance
328	336		contract that exceeds $35,000 of coverage on an individual life,
329	337		unless the applicant is designated as a "Fraternal Insurance
330	338		Counselor" at the time the contract is solicited or procured.
331	339		SECTION 15. Section 4004.053(a), Insurance Code, is amended
332	340		to read as follows:
333	341		(a) An individual who holds a general life, accident, and
334	342		health license, a life agent license, [a life and health insurance
335	343		counselor license,] an adjuster license, a managing general agent
336	344		license, a general property and casualty license, or a personal
337	345		lines property and casualty license must complete 24 hours of
338	346		continuing education during the license period. If the individual
339	347		holds more than one license for which continuing education is
340	348		otherwise required, the individual is not required to complete more
341	349		than 24 continuing education hours for all licenses during the
342	350		license period. An individual who is required under rules adopted
343	351		under Chapter 4008 to hold a certificate to sell a designated
344	352		product or product line may use continuing education programs
345	353		administered under Section 4004.151 to satisfy the continuing
346	354		education requirements under this subsection.
347	355		SECTION 16. Section 4004.054, Insurance Code, is amended to
348	356		read as follows:
349	357		Sec. 4004.054. ETHICS REQUIREMENT. Each individual who
350	358		holds a license issued by the department shall complete three [two]
351	359		hours of continuing education in ethics during each license renewal
352	360		period.
353	361		SECTION 17. Section 4051.051(a), Insurance Code, is amended
354	362		to read as follows:
355	363		(a) A person is required to hold a general property and
356	364		casualty license if the person acts as:
357	365		(1) an agent who writes property and casualty
358	366		insurance for an insurer authorized to engage in the business of
359	367		property and casualty insurance in this state; or
360	368		(2) [a subagent of a person who holds a license as an
361	369		agent under this chapter who solicits and binds insurance risks for
362	370		that agent; or
363	371		[(3)] an agent who writes any other kind of insurance
364	372		as required by the commissioner for the protection of the insurance
365	373		consumers of this state.
366	374		SECTION 18. Section 4051.401, Insurance Code, is amended to
367	375		read as follows:
368	376		Sec. 4051.401. PERSONAL LINES PROPERTY AND CASUALTY
369	377		LICENSE; LICENSE REQUIRED. A person is required to hold a personal
370	378		lines property and casualty license if the person acts as[:
371	379		[(1)] an agent who writes property and casualty
372	380		insurance sold to individuals and families primarily for personal
373	381		or household use for an insurer authorized to engage in the business
374	382		of property and casualty insurance in this state[; or
375	383		[(2) a subagent of a person who holds a license as an
376	384		agent under this subchapter who solicits and binds insurance risks
377	385		for that agent].
378	386		SECTION 19. Section 4056.052, Insurance Code, is amended by
379	387		adding Subsection (c) to read as follows:
380	388		(c) A license issued under this section shall be
381	389		automatically suspended, canceled, or revoked if the licensee's
382	390		home state suspends, cancels, or revokes the licensee's
383	391		corresponding resident license.
384	392		SECTION 20. Section 4056.059(b), Insurance Code, is amended
385	393		to read as follows:
386	394		(b) A nonresident agent may apply to the department for a
387	395		comparable license for residents of this state. An application
388	396		must include:
389	397		(1) a notification of the agent's change of address and
390	398		contact information; and
391	399		(2) [a clearance letter from the state authority of
392	400		the state that issued the agent's prior resident license
393	401		demonstrating the agent's good standing with that authority; and
394	402		[(3)] fingerprint forms in the format prescribed by
395	403		the department, which may be electronic.
396	404		SECTION 21. Section 4102.054(a), Insurance Code, is amended
397	405		to read as follows:
398	406		(a) The commissioner may issue a nonresident license to an
399	407		applicant for a public insurance adjuster license who is not a
400	408		permanent resident of this state on determining that the
401	409		application meets the requirements of this chapter, the nonresident
402	410		license application fee has been paid, and the applicant is an
403	411		individual who:
404	412		(1) is at least 18 years of age;
405	413		(2) except as provided by Section 4102.058, has
406	414		passed, to the satisfaction of the commissioner, an examination
407	415		approved by the commissioner and of sufficient scope as prescribed
408	416		by Section 4102.057;
409	417		(3) is self-employed as a public insurance adjuster or
410	418		associated with or employed by a public insurance adjusting firm or
411	419		other public insurance adjuster;
412	420		(4) is trustworthy and of a moral character that
413	421		reasonably ensures that the applicant will conduct the business of
414	422		a public insurance adjuster fairly and in good faith without
415	423		detriment to the public;
416	424		(5) has never been convicted of a felony or, if
417	425		convicted of a felony, has received a full pardon from that
418	426		conviction and is otherwise relieved from any disabilities
419	427		connected with that conviction;
420	428		(6) has sufficient experience or training relating to
421	429		the assessment of:
422	430		(A) real and personal property values; and
423	431		(B) physical loss of or damage to real or
424	432		personal property that may be the subject of insurance and claims
425	433		under insurance;
426	434		(7) is sufficiently informed as to the terms and
427	435		effects of the types of insurance contracts that provide coverage
428	436		on real and personal property;
429	437		(8) possesses knowledge and experience adequate to
430	438		enable the applicant to engage in the business of a public insurance
431	439		adjuster fairly and without injury to the public or any member of
432	440		the public with whom the applicant may have business as a public
433	441		insurance adjuster;
434	442		(9) [if currently licensed as a resident public
435	443		insurance adjuster in the applicant's state of residence, provides
436	444		with the application a certificate or letter of authorization from
437	445		the licensing authority of the applicant's state of residence that:
438	446		[(A) states that the applicant holds a current or
439	447		comparable license to act as a public insurance adjuster; and
440	448		[(B) meets the requirements of Subsection (b);
441	449		[(10) if the applicant's state of residence does not
442	450		require licensure as a resident public insurance adjuster and the
443	451		applicant has been licensed as an adjuster, agent, broker, or other
444	452		insurance representative in the applicant's state of residence or
445	453		any other state within the past three years, provides with the
446	454		application a certificate or letter of authorization from the
447	455		licensing authority that:
448	456		[(A) states that the applicant holds or has held
449	457		a license to act as an adjuster, agent, broker, or other insurance
450	458		representative; and
451	459		[(B) meets the requirements of Subsection (c);
452	460		[(11)] files proof of financial responsibility in
453	461		accordance with Section 4102.105; and
454	462		(10) [(12)] complies with any other requirements
455	463		under applicable state law, including provision of a complete set
456	464		of fingerprints on request, as provided by Section 4001.103.
457	465		SECTION 22. The following provisions of the Insurance Code
458	466		are repealed:
459	467		(1) Section 4001.003(9);
460	468		(2) Sections 4001.009 and 4001.109;
461	469		(3) Section 4001.156(a);
462	470		(4) Section 4001.205;
463	471		(5) Subchapters D and G, Chapter 4051;
464	472		(6) Chapter 4052;
465	473		(7) Section 4056.004;
466	474		(8) Sections 4102.054(b) and (c); and
467	475		(9) Section 4102.114(d).
468	476		SECTION 23. (a) In this section, "department" means the
469	477		Texas Department of Insurance.
470	478		(b) On the effective date of this Act, the department shall
471	479		convert all active insurance services representative licenses
472	480		issued before June 1, 2021, to general property and casualty
473	481		insurance agent licenses. Licensees must comply with all
474	482		requirements of the converted license to keep the license active
475	483		and in good standing. Any insurance services representative
476	484		licenses issued on or after June 1, 2021, through the effective date
477	485		of this Act may not be renewed on expiration of the license and may
478	486		not convert to another license type.
479	487		(c) On the effective date of this Act, the department shall
480	488		convert all active life and health insurance counselor licenses
481	489		issued before June 1, 2021, to general life and health agent
482	490		licenses. Converted licensees must comply with all requirements of
483	491		the converted license to keep the license active and in good
484	492		standing. Any life and health insurance counselor licenses issued
485	493		on or after June 1, 2021, through the effective date of this Act may
486	494		not be renewed on expiration of the license and may not convert to
487	495		another license type.
488	496		(d) On the effective date of this Act, any existing home
489	497		office salaried employee registration is void and ceases to exist.
490	498		Any former home office salaried employee registrant engaging in the
491	499		business of insurance after the effective date of this Act must
492	500		follow the requirements of the Insurance Code and any other
493	501		applicable laws of this state.
494	502		SECTION 24. This Act takes effect September 1, 2021.
495		-	______________________________ ______________________________
496		-	President of the Senate Speaker of the House
497		-	I certify that H.B. No. 4030 was passed by the House on April
498		-	30, 2021, by the following vote: Yeas 128, Nays 13, 2 present, not
499		-	voting; and that the House concurred in Senate amendments to H.B.
500		-	No. 4030 on May 24, 2021, by the following vote: Yeas 138, Nays 8,
501		-	1 present, not voting.
502		-	______________________________
503		-	Chief Clerk of the House
504		-	I certify that H.B. No. 4030 was passed by the Senate, with
505		-	amendments, on May 19, 2021, by the following vote: Yeas 31, Nays
506		-	0.
507		-	______________________________
508		-	Secretary of the Senate
509		-	APPROVED: __________________
510		-	Date
511		-	__________________
512		-	Governor
	503	+	* * * * *