Bill Text: TX SB1450 | 2017-2018 | 85th Legislature | Comm Sub

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relating to the regulatory authority of the commissioner of insurance and the Texas Department of Insurance.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Passed) 2017-06-12 - Effective on 9/1/17 [SB1450 Detail]

Download: Texas-2017-SB1450-Comm_Sub.html

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By: Taylor of Galveston S.B. No. 1450
(In the Senate - Filed March 8, 2017; March 20, 2017, read
first time and referred to Committee on Business & Commerce;
April 24, 2017, reported favorably by the following vote: Yeas 9,
Nays 0; April 24, 2017, sent to printer.)
Click here to see the committee vote

A BILL TO BE ENTITLED
AN ACT
relating to the rulemaking authority of the commissioner of
insurance with respect to certain agreements and the effect of
those agreements on this state's authority to regulate insurance.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter A, Chapter 36, Insurance Code, is
amended by adding Section 36.007 to read as follows:
Sec. 36.007. RULES RELATING TO AGREEMENTS LIMITING STATE
AUTHORITY TO REGULATE INSURANCE PROHIBITED; EFFECT OF AGREEMENT.
(a) The commissioner may not adopt or enforce a rule that
implements an interstate, national, or international agreement
that:
(1) infringes on the authority of this state to
regulate the business of insurance in this state; and
(2) was not approved by the legislature.
(b) An agreement described by Subsection (a) has no effect
on the authority of this state to regulate the business of insurance
in this state unless the agreement is approved by the legislature.
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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