73R9358 E
By Goolsby H.B. No. 314
Substitute the following for H.B. No. 314:
By Shields, Goolsby C.S.H.B. No. 314
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to continuing education requirements for certain insurance
1-3 agents.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 5b, Article 21.14, Insurance Code, is
1-6 amended to read as follows:
1-7 Sec. 5b. CONTINUING EDUCATION. The State Board of Insurance
1-8 shall adopt a procedure for certifying and shall certify continuing
1-9 education programs for agents. Participation in the programs is
1-10 mandatory for all agents licensed under this article. The State
1-11 Board of Insurance shall exempt agents who have been licensed for
1-12 <15 years or more beginning September 1, 1987; 16 years or more
1-13 beginning September 1, 1988; 17 years or more beginning September
1-14 1, 1989; 18 years or more beginning September 1, 1990; 19 years or
1-15 more beginning September 1, 1991; and> 20 years or more on or after
1-16 September 1, 1992, and shall have the rulemaking authority to
1-17 provide for other reasonable exemptions. No local recording agent
1-18 or solicitor shall be required to complete more than 30 <15> hours
1-19 of continuing education per licensing period <year>. An agent,
1-20 other than an insurance service representative, licensed under both
1-21 Articles 21.07-1 and 21.14 may elect to satisfy the continuing
1-22 education requirements of either article and shall not be required
1-23 to complete a total of more than 30 <15> hours of continuing
1-24 education per licensing period <year>. An insurance service
2-1 representative licensed under Article 21.14 shall not be required
2-2 to complete more than 15 hours of property and casualty continuing
2-3 education per licensing period.
2-4 SECTION 2. This Act takes effect September 1, 1993, and
2-5 applies only to continuing education required to be completed in a
2-6 licensing period that begins on or after January 1, 1994.
2-7 Continuing education required to be completed in a licensing period
2-8 that begins before January 1, 1994, is governed by the law as it
2-9 existed immediately before the effective date of this Act, and that
2-10 law is continued in effect for that purpose.
2-11 SECTION 3. The importance of this legislation and the
2-12 crowded condition of the calendars in both houses create an
2-13 emergency and an imperative public necessity that the
2-14 constitutional rule requiring bills to be read on three several
2-15 days in each house be suspended, and this rule is hereby suspended.