Bill Text: TX HB3733 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to an insurer's compliance with National Association of Insurance Commissioners requirements.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2017-04-03 - Referred to Insurance [HB3733 Detail]
Download: Texas-2017-HB3733-Introduced.html
85R13301 SCL-D | ||
By: Bonnen of Galveston | H.B. No. 3733 |
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relating to an insurer's compliance with National Association of | ||
Insurance Commissioners requirements. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 36.004, Insurance Code, is amended to | ||
read as follows: | ||
Sec. 36.004. COMPLIANCE WITH NATIONAL ASSOCIATION OF | ||
INSURANCE COMMISSIONERS REQUIREMENTS. (a) Except as provided by | ||
Section 36.005 and notwithstanding any other law, the department | ||
may not require an insurer to comply with a rule, regulation, | ||
directive, or standard adopted by the National Association of | ||
Insurance Commissioners, including a rule, regulation, directive, | ||
or standard relating to policy reserves, unless application of that | ||
version of the rule, regulation, directive, or standard is | ||
expressly authorized by statute [ |
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(b) For purposes of Subsection (a), a version of a rule, | ||
regulation, directive, or standard is expressly authorized by | ||
statute if: | ||
(1) the statute explicitly authorizes that version; or | ||
(2) that version is the latest version of the rule, | ||
regulation, directive, or standard on the date that the statute was | ||
enacted. | ||
SECTION 2. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2017. |