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House Bill 3018 |
House Author: Phelan |
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Effective: 1-1-18 |
Senate Sponsor: Creighton |
House Bill 3018 amends the Insurance Code to require the Texas Windstorm Insurance Association's plan of operation to include a requirement that a licensed nonresident agent may not offer or sell a Texas windstorm and hail insurance policy under the Texas Windstorm Insurance Association Act unless the nonresident agent's state of residence authorizes a resident agent licensed in Texas to act in the nonresident agent's state as an agent for that state's residual insurer of last resort for windstorm and hail insurance.