| |
| |
|
|
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. |