By Seidlits H.B. No. 3019
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to termination and suspension of certain insurance agency
1-3 contracts.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 3. Article 21.11-1, Insurance Code, is
1-6 amended to read as follows:
1-7 Sec. 3. The provisions of this article shall not apply to
1-8 the termination or suspension of an agent's contract for
1-9 insolvency, abandonment, gross and willful misconduct, or failure
1-10 to pay over to the company money due to the company after his
1-11 receipt of a written demand therefore, or after revocation of the
1-12 agent's license by the State Board of Insurance <nor to the
1-13 termination or suspension of agents where the policies and the
1-14 insurance business is owned by the company and not by the agent>.
1-15 SECTION 2. This Act applies only to the termination or
1-16 suspension of an agency contract on or after the effective date of
1-17 this Act. Termination or suspension of an agency contract before
1-18 the effective date of this Act is governed by the law in effect
1-19 immediately before the effective date of this Act and that law is
1-20 continued in effect for that purpose.
1-21 SECTION 3. The importance of this legislation and the
1-22 crowded condition of the calendars in both houses create an
1-23 emergency and an imperative public necessity that the
2-1 constitutional rule requiring bills to be read on three several
2-2 days in each house be suspended, and this rule is hereby suspended,
2-3 and that this Act take effect and be in force from and after its
2-4 passage, and it is so enacted.