Bill Text: TX HB3734 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to the rulemaking authority of the commissioner of insurance with respect to certain agreements and the effect of those agreements on this state's authority to regulate insurance.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2017-04-03 - Referred to Insurance [HB3734 Detail]
Download: Texas-2017-HB3734-Introduced.html
85R13299 SCL-D | ||
By: Bonnen of Galveston | H.B. No. 3734 |
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relating to the rulemaking authority of the commissioner of | ||
insurance with respect to certain agreements and the effect of | ||
those agreements on this state's authority to regulate insurance. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter A, Chapter 36, Insurance Code, is | ||
amended by adding Section 36.007 to read as follows: | ||
Sec. 36.007. RULES RELATING TO AGREEMENTS LIMITING STATE | ||
AUTHORITY TO REGULATE INSURANCE PROHIBITED; EFFECT OF AGREEMENT. | ||
(a) The commissioner may not adopt or enforce a rule that | ||
implements an interstate, national, or international agreement | ||
that: | ||
(1) infringes on the authority of this state to | ||
regulate the business of insurance in this state; and | ||
(2) was not approved by the legislature. | ||
(b) An agreement described by Subsection (a) has no effect | ||
on the authority of this state to regulate the business of insurance | ||
in this state unless the agreement is approved by the legislature. | ||
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. |