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.
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