Bill Text: TX HB64 | 2011-2012 | 82nd Legislature | Introduced
Bill Title: Relating to rebates and the sale of crop insurance.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2011-04-26 - Left pending in committee [HB64 Detail]
Download: Texas-2011-HB64-Introduced.html
| 82R1465 PMO-F | ||
| By: Martinez | H.B. No. 64 | |
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| relating to rebates and the sale of crop insurance. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Chapter 1806, Insurance Code, is amended by | ||
| adding Subchapter E to read as follows: | ||
| SUBCHAPTER E. PROVISIONS | ||
| APPLICABLE TO CROP INSURANCE | ||
| Sec. 1806.201. DEFINITION. In this subchapter, "insurer" | ||
| means an insurance company regulated by the department, including: | ||
| (1) a stock fire or casualty insurance company; | ||
| (2) a mutual fire or casualty insurance company; | ||
| (3) a Lloyd's plan; | ||
| (4) a reciprocal or interinsurance exchange; | ||
| (5) a county mutual insurance company; and | ||
| (6) a farm mutual insurance company. | ||
| Sec. 1806.202. APPLICABILITY. (a) This subchapter applies | ||
| only to an insurance transaction that involves the sale of | ||
| insurance on growing crops. | ||
| (b) This subchapter does not affect or alter any provision | ||
| of this code with respect to the sale of any other line of insurance | ||
| that may be sold in conjunction with a transaction described by | ||
| Subsection (a). | ||
| Sec. 1806.203. PROHIBITED ACTS. Except as otherwise | ||
| provided by federal law or regulation, an insurer or agent that is | ||
| authorized to engage in the business of insurance in this state may | ||
| not participate in an arrangement that allows a person to receive or | ||
| potentially receive a dividend, profit, or other consideration that | ||
| is contingent solely on the purchase of insurance on growing crops. | ||
| Sec. 1806.204. ENFORCEMENT; SANCTIONS. In addition to any | ||
| other proceeding or remedy under this code or other law, a person, | ||
| including an insurer, who violates this subchapter commits an | ||
| unfair practice in violation of Chapter 541 and is subject to | ||
| sanctions under Chapter 82. | ||
| SECTION 2. This Act applies only to an insurance policy or | ||
| contract that is delivered, issued for delivery, or renewed on or | ||
| after January 1, 2012. An insurance policy or contract delivered, | ||
| issued for delivery, or renewed before January 1, 2012, is governed | ||
| by the law as it existed immediately before the effective date of | ||
| this Act, and that law is continued in effect for that purpose. | ||
| SECTION 3. This Act takes effect September 1, 2011. | ||
