H.B. No. 1496
    1-1                                AN ACT
    1-2  relating to indemnity provisions in certain mineral agreements.
    1-3        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  Section 127.005(a), Civil Practice and Remedies
    1-5  Code, is amended to read as follows:
    1-6        (a)  This <Except as to agreements with respect to the
    1-7  purchase, gathering, storage, or transportation of oil, brine
    1-8  water, fresh water, condensate, produced water, petroleum products,
    1-9  or other liquid commodities, this> chapter does not apply to an
   1-10  agreement that provides for indemnity if the parties agree in
   1-11  writing that the indemnity obligation will be supported by
   1-12  liability insurance coverage to be furnished by the indemnitor
   1-13  subject to the limitations specified in Subsection (b) or (c).
   1-14        SECTION 2.  This Act applies only to an agreement that
   1-15  provides for indemnity entered into on or after the effective date
   1-16  of this Act.
   1-17        SECTION 3.  The importance of this legislation and the
   1-18  crowded condition of the calendars in both houses create an
   1-19  emergency and an imperative public necessity that the
   1-20  constitutional rule requiring bills to be read on three several
   1-21  days in each house be suspended, and this rule is hereby suspended,
   1-22  and that this Act take effect and be in force from and after its
   1-23  passage, and it is so enacted.