By Duncan                                             H.B. No. 1424
       74R4400 DLF-D
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to certain reports filed by insurers with the National
    1-3  Association of Insurance Commissioners.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Article 1.11(b), Insurance Code, is amended to
    1-6  read as follows:
    1-7        (b)  Each domestic, foreign, and alien insurer authorized to
    1-8  transact insurance in this state, at the time it files its annual
    1-9  statement with the State Board of Insurance, shall file with the
   1-10  National Association of Insurance Commissioners a copy of its
   1-11  annual statement, along with any changes in substance and form,
   1-12  including a requirement that the submission be in computer
   1-13  compatible format, or additional filings, if any, as may be
   1-14  prescribed by the State Board of Insurance.  The information filed
   1-15  shall include the signed jurat page and the actuarial
   1-16  certification, as required by the state of domicile.  Any
   1-17  amendments and additions to the annual statement subsequently filed
   1-18  with the State Board of Insurance also shall be filed with the
   1-19  National Association of Insurance Commissioners. The insurer shall
   1-20  bear the expense for preparing and furnishing such annual statement
   1-21  and other filings and shall pay any filing fee or similar fee
   1-22  charged by <to> the National Association of Insurance Commissioners
   1-23  <shall be that of the insurer>.  <There shall be no other costs or
   1-24  expenses of any kind levied, charged, or assessed against the
    2-1  insurer relating to such filings.>  The Board may deem foreign
    2-2  insurers that are domiciled in a state that has a law substantially
    2-3  similar to this section to be in compliance with this section.
    2-4  This section is applicable to all companies regulated by the State
    2-5  Board of Insurance including domestic and foreign, stock and mutual
    2-6  life, health, and accident insurance companies; domestic and
    2-7  foreign, stock and mutual, fire and casualty insurance companies;
    2-8  Mexican casualty companies; domestic and foreign Lloyd's plan
    2-9  insurers; domestic and foreign reciprocal or interinsurance
   2-10  exchanges; domestic and foreign fraternal benefit societies;
   2-11  domestic and foreign title insurance companies; attorney's title
   2-12  insurance companies; stipulated premium insurance companies;
   2-13  nonprofit legal service corporations; health maintenance
   2-14  organizations; statewide mutual assessment companies; local mutual
   2-15  aid associations; local mutual burial associations; exempt
   2-16  associations under Article 14.17 of this code; nonprofit hospital,
   2-17  medical, or dental service corporations including companies subject
   2-18  to Chapter 20 of this code; county mutual insurance companies; and
   2-19  farm mutual insurance companies.  The Board may exempt any class of
   2-20  insurers from the requirements of this section if the Board
   2-21  believes the information required by this section will not be
   2-22  useful for regulatory purposes.  Reports or other information
   2-23  communicated to the State Board of Insurance by the National
   2-24  Association of Insurance Commissioners from the collection, review,
   2-25  analysis, and dissemination of information developed from the
   2-26  filing of annual statement convention blanks is considered part of
   2-27  the process of examination of insurance companies under Articles
    3-1  1.15-1.19 of this code and other provisions of this code, and this
    3-2  information is an integral part of those examinations.
    3-3        SECTION 2.  This Act takes effect September 1, 1995, and
    3-4  applies only to a filing made by an insurer with the National
    3-5  Association of Insurance Commissioners on or after that date.  A
    3-6  filing made by an insurer before the effective date of this Act is
    3-7  governed by the law in effect immediately before the effective date
    3-8  of this Act, and that law is continued in effect for that purpose.
    3-9        SECTION 3.  The importance of this legislation and the
   3-10  crowded condition of the calendars in both houses create an
   3-11  emergency and an imperative public necessity that the
   3-12  constitutional rule requiring bills to be read on three several
   3-13  days in each house be suspended, and this rule is hereby suspended.