BILL ANALYSIS Insurance Committee By: Goolsby 04-26-95 Committee Report (Unamended) BACKGROUND Currently, Section 5a (a), Article 21.14, Insurance Code, permits an applicant to receive a temporary license as a local recording agent upon the successful passage of an initial examination promulgated by the Texas Department of Insurance. Section 5a (b) (3), Article 21.14, Insurance Code, exempts persons holding a Chartered Property and Casualty Underwriter (C. P. C. U.) or Certified Insurance Counselor (C. I. C.) designation to waive certain additional educational requirements of Section 5a (a). An applicant must, after the temporary license is issued, complete a classroom or correspondence course within one (1) year of the issuance of the temporary license to receive a permanent local recording agents license. Currently, achievement of the C.P.C.U. or C.I.C. designation is deemed by law to satisfy the education requirements of Section 5a (a). An applicant for the local recording agents license, who holds one or both of these designations, may receive his or her permanent license through successful passage of the initial examination promulgated by the Texas Department of Insurance. PURPOSE As proposed, H.B. 2362 would amend Section 5a (b) (3), Article 21.14, Insurance Code, to newly add the designation Accredited Advisor in Insurance (A. A. I.) issued by the Insurance Institute of America. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency or institution. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 5a (b) (3), Article 21.14, Insurance Code, to appropriately cite the new name of the C. P. C. U. designation, add reference to the Accredited Advisor in Insurance designation, and to correct references in the current statute due to the elimination of the entity formerly known as the State Board of Insurance. SECTION 2. Effective date and Emergency Clause. SUMMARY OF COMMITTEE ACTION In accordance with House rules, H.B. 2362 was heard in a public hearing on April 26, 1995. The Chair laid out H.B. 2362 and recognized Representative Goolsby to explain the bill. The Chair left H.B. 2362 as pending business before the Committee. The Chair laid out H.B. 2362 as pending business and recognized Representative Counts who moved the Committee report H.B. 2362 as filed to the full House with the recommendation that it do pass, be printed, and sent to the Committee on Local and Consent. The motion prevailed by the following vote: AYES (5); NAYES (0); ABSENT (4); PNV (0).