Bill Text: TX HB3821 | 2023-2024 | 88th Legislature | Comm Sub
Bill Title: Relating to requirements for insurance agents offering windstorm and hail insurance policies issued by the Texas Windstorm Insurance Association.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2023-05-02 - Laid on the table subject to call [HB3821 Detail]
Download: Texas-2023-HB3821-Comm_Sub.html
| 88R13485 JES-D | ||
| By: Perez, Cain, Hefner, Hull, Cortez, | H.B. No. 3821 | |
| et al. | ||
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| 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. | ||
