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.