Enrolled Bill Summary

            Senate Bill 1499 amends the Insurance Code to authorize the commissioner of insurance to adopt for lines of insurance, other than general liability of commercial property, policy forms and endorsements of national insurers or policy forms and endorsements adopted by a national organization of insurance companies. The act authorizes the commissioner of insurance to disapprove or withdraw previous approval of a form or endorsement that violates rules or a statute or that is misleading. Previous law authorized the board to withdraw approval of a policy form or endorsement at any time after notice and hearing. In addition, the act includes regulation of insurance policies and rates for farm and ranch owners under provisions that regulate commercial property and general liability insurance coverage.