BILL ANALYSIS H.B. 2362 By: Goolsby (Rosson) Economic Development 5-24-95 Senate Committee Report (Unamended) BACKGROUND Current law permits an applicant to receive a temporary license as a local recording agent upon passing an examination promulgated by the Texas Department of Insurance. Current law also waives certain additional educational requirements for persons holding a Chartered Property and Casualty Underwriter (C.P.C.U.) or Certified Insurance Counselor (C.I.C.) designation. After a temporary license is issued, an applicant must complete a classroom or correspondence course within one year to receive a permanent local recording agent license. An applicant for the local recording agent license, who holds the C.P.C.U. or C.I.C. designation, or both, may receive a permanent license through passage of the examination promulgated by the Texas Department of Insurance. PURPOSE As proposed, H.B. 2362 provides exemptions from the study requirements applicable to local recording agents. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 5a(b), Article 21.14, Insurance Code, to add to the provisions to which the provisions of this section may not apply, any person who holds the designation Chartered Property and Casualty Underwriter (C.P.C.U.) from the American Institute for C.P.C.U., rather than Property and Liability Underwriters, or the designation Accredited Adviser in Insurance (A.A.I.) from the Insurance Institute of America. Requires an applicant to be required to take and pass, to the satisfaction of the Texas Department of Insurance (department), rather than State Board of Insurance, an examination, promulgated by the department. SECTION 2. Emergency clause. Effective date: upon passage.