Texas 2023 - 88th Regular

Texas Senate Bill SB2232 Latest Draft

Bill / Enrolled Version Filed 05/03/2023

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                            S.B. No. 2232


 AN ACT
 relating to requirements for insurance agents offering windstorm
 and hail insurance policies issued by the Texas Windstorm Insurance
 Association.
 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 SECTION 1.  Subchapter A, Chapter 2210, Insurance Code, is
 amended by adding Section 2210.016 to read as follows:
 Sec. 2210.016.  AGENT REQUIREMENTS. (a)  The association
 may establish requirements that an agent must comply with to offer
 or sell a Texas windstorm and hail insurance policy under this
 chapter.
 (b)  The association may audit an agent who offers or sells
 Texas windstorm and hail insurance policies under this chapter to
 determine the agent's compliance with requirements established
 under Subsection (a).  If the association finds that an agent is not
 in compliance with association requirements, the association may
 take appropriate action to limit or prohibit the agent from
 offering or selling a Texas windstorm and hail insurance policy
 under this chapter until the agent complies with those
 requirements.
 (c)  An agent who offers or sells Texas windstorm and hail
 insurance policies under this chapter is not an agent of the
 association.
 SECTION 2.  This Act takes effect September 1, 2023.
 ______________________________ ______________________________
 President of the Senate Speaker of the House
 I hereby certify that S.B. No. 2232 passed the Senate on
 April 20, 2023, by the following vote:  Yeas 29, Nays 0.
 ______________________________
 Secretary of the Senate
 I hereby certify that S.B. No. 2232 passed the House on
 May 2, 2023, by the following vote:  Yeas 136, Nays 8,
 three present not voting.
 ______________________________
 Chief Clerk of the House
 Approved:
 ______________________________
 Date
 ______________________________
 Governor