Bill Text: TX SB1072 | 2017-2018 | 85th Legislature | Comm Sub

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Bill Title: Relating to confidentiality of reports and related information for a solvency examination of an insurance carrier.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2017-04-24 - Not again placed on intent calendar [SB1072 Detail]

Download: Texas-2017-SB1072-Comm_Sub.html

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By: Hancock S.B. No. 1072
(In the Senate - Filed February 23, 2017; March 7, 2017,
read first time and referred to Committee on Business & Commerce;
April 10, 2017, reported favorably by the following vote: Yeas 8,
Nays 1; April 10, 2017, sent to printer.)
Click here to see the committee vote

A BILL TO BE ENTITLED
AN ACT
relating to confidentiality of reports and related information for
a solvency examination of an insurance carrier.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 401.058, Insurance Code, is amended by
amending Subsection (a) and adding Subsection (c) to read as
follows:
(a) Except as provided by Subsection (c), a [A] final or
preliminary examination report and any information obtained during
an examination are confidential and privileged for all purposes.
This information is [are] not subject to:
(1) disclosure under Chapter 552, Government Code;
(2) a subpoena, other than a grand jury subpoena; or
(3) discovery or admissibility in evidence in a civil
action.
(c) Subsection (a) does not limit the commissioner's
authority to use a final or preliminary examination report and any
information obtained during an examination in the furtherance of
any legal or regulatory action that the commissioner, in the
commissioner's sole discretion, considers appropriate.
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.
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