Enrolled Bill Summary

Senate Bill 466 amends the Insurance Code to allow the commissioner of insurance to issue a specialty insurance agent license to a retail vendor of telecommunications equipment for the limited purpose of allowing the vendor to act as an agent for any authorized insurer in connection with the sale and use of telecommunications equipment. The bill provides that insurance may not be issued by a retail vendor unless brochures or other written materials containing certain disclosures are prominently displayed and readily available to the prospective purchaser of the insurance coverage.