1-1 By: Goolsby (Senate Sponsor - Rosson) H.B. No. 2362
1-2 (In the Senate - Received from the House May 15, 1995;
1-3 May 17, 1995, read first time and referred to Committee on Economic
1-4 Development; May 23, 1995, reported favorably by the following
1-5 vote: Yeas 6, Nays 0; May 23, 1995, sent to printer.)
1-6 A BILL TO BE ENTITLED
1-7 AN ACT
1-8 relating to exemptions from the study requirements applicable to
1-9 local recording agents.
1-10 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-11 SECTION 1. Section 5a(b), Article 21.14, Insurance Code, is
1-12 amended to read as follows:
1-13 (b) Provided, however, none of the provisions of this
1-14 section shall apply to the following:
1-15 (1) To any person holding a license as a local
1-16 recording agent upon the effective date of this Act.
1-17 (2) To any person applying for an emergency local
1-18 recording agent's license under the provisions of Section 6a of
1-19 Article 21.14 of the Insurance Code of Texas.
1-20 (3) To any person who holds the designation Chartered
1-21 Property and Casualty Underwriter (C.P.C.U.) from the American
1-22 Institute for C.P.C.U., <Property and Liability Underwriters or>
1-23 the designation Certified Insurance Counselor (C.I.C.) from the
1-24 national Society of Certified Insurance Counselors, or the
1-25 designation Accredited Adviser in Insurance (A.A.I.) from the
1-26 Insurance Institute of America.
1-27 (4) To any person who has a bachelor's degree from a
1-28 four-year accredited college or university with a major in
1-29 insurance.
1-30 (5) To any person who within two (2) years immediately
1-31 preceding the filing of an application was a licensed agent in good
1-32 standing in the state from which the person moved to Texas,
1-33 provided such state makes similar provision for those agents who
1-34 may move from Texas to such state.
1-35 (6) To any person desiring to apply for a license to
1-36 solicit and write exclusively all forms of insurance authorized to
1-37 be solicited and written in Texas covering the ownership,
1-38 operation, maintenance or use of any motor vehicle, its accessories
1-39 and equipment, designed for use upon the public highways, including
1-40 trailers and semitrailers. Such person shall continue to apply for
1-41 and qualify to be licensed under the other provisions of Article
1-42 21.14 of the Insurance Code of Texas. Provided, such applicant
1-43 shall be required to take and pass, to the satisfaction of the
1-44 Texas Department <State Board> of Insurance, an examination,
1-45 promulgated by said department <Board>, covering only those forms
1-46 of insurance referred to in this paragraph. Provided, when such a
1-47 person so applies and qualifies, the person shall be issued a
1-48 license which shall contain on the face of said license the
1-49 following language: "Motor vehicle insurance only." An agent
1-50 holding such a limited license hereby created shall solicit only
1-51 those forms of insurance hereinabove provided, but shall be subject
1-52 to all other laws relating to local recording agents.
1-53 SECTION 2. The importance of this legislation and the
1-54 crowded condition of the calendars in both houses create an
1-55 emergency and an imperative public necessity that the
1-56 constitutional rule requiring bills to be read on three several
1-57 days in each house be suspended, and this rule is hereby suspended,
1-58 and that this Act take effect and be in force from and after its
1-59 passage, and it is so enacted.
1-60 * * * * *