Bill Text: TX HB4153 | 2021-2022 | 87th Legislature | Comm Sub
Bill Title: Relating to the filing of an annual audit report by a title insurance company, title insurance agent, or direct operation.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Engrossed - Dead) 2021-05-26 - Removed from local & uncontested calendar [HB4153 Detail]
Download: Texas-2021-HB4153-Comm_Sub.html
By: Sanford (Senate Sponsor - Paxton) | H.B. No. 4153 | |
(In the Senate - Received from the House May 10, 2021; | ||
May 12, 2021, read first time and referred to Committee on Business & | ||
Commerce; May 20, 2021, reported favorably by the following vote: | ||
Yeas 8, Nays 0, one present not voting; May 20, 2021, sent to | ||
printer.) | ||
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relating to the filing of an annual audit report by a title | ||
insurance company, title insurance agent, or direct operation. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 2651.151(b), Insurance Code, is amended | ||
to read as follows: | ||
(b) Not later than the 90th day after the date of the end of | ||
the agent's or direct operation's fiscal year, the agent or direct | ||
operation shall file with [ |
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letter. The agent shall also send a copy of the audit report and | ||
transmittal letter to each title insurance company that the agent | ||
represents. | ||
SECTION 2. Section 2651.152(b), Insurance Code, is amended | ||
to read as follows: | ||
(b) Not later than the 90th day after the date of the end of | ||
the title insurance company's fiscal year, the company shall file | ||
with [ |
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one copy of the audit report. | ||
SECTION 3. This Act takes effect September 1, 2021. | ||
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