Bill Text: TX HB3821 | 2023-2024 | 88th Legislature | Comm Sub

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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

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88R13485 JES-D
By: Perez, Cain, Hefner, Hull, Cortez, H.B. No. 3821
et al.

A BILL TO BE ENTITLED
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.