87R6782 MWC-F
By: Paul H.B. No. 4210
A BILL TO BE ENTITLED
AN ACT
relating to the authority of entities regulated by the Texas
Department of Insurance to conduct business electronically.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 35.003, Insurance Code, is amended to
read as follows:
Sec. 35.003. ELECTRONIC TRANSACTIONS AUTHORIZED. A
regulated entity may conduct business electronically to the same
extent that the entity is authorized to conduct business otherwise
unless [if] before the conduct of business each party to the
business agrees to conduct the business with written physical
documents [electronically].
SECTION 2. Section 35.003, Insurance Code, as amended by
this Act, applies only to business conducted on or after the
effective date of this Act. Business conducted before the effective
date of this Act is governed by the law in effect on the date the
business was conducted, and that law is continued in effect for that
purpose.
SECTION 3. This Act takes effect September 1, 2021.