By Sibley S.B. No. 1638 74R9305 DLF-F A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to prohibited activities of officers, directors, and 1-3 certain shareholders of certain entities regulated under the 1-4 Insurance Code. 1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-6 SECTION 1. Section 2, Article 1.29, Insurance Code, is 1-7 amended to read as follows: 1-8 Sec. 2. (a) The provisions of this Article are applicable 1-9 to all insurance companies subject to regulation by the Insurance 1-10 Code and any provision of exemption or any provision of 1-11 inapplicability or applicability limiting such regulation in any 1-12 chapter of the Code are not in limitation of the provisions of this 1-13 Article, and, except as provided by Subsection (b) of this Section, 1-14 in the event of conflict between this Article and any other article 1-15 of the Code or in the event of any ambiguity the provisions of this 1-16 Article shall govern. 1-17 (b) To the extent of any conflict between this Article and 1-18 Article 21.49-1 of this code, Article 21.49-1 controls. 1-19 SECTION 2. The importance of this legislation and the 1-20 crowded condition of the calendars in both houses create an 1-21 emergency and an imperative public necessity that the 1-22 constitutional rule requiring bills to be read on three several 1-23 days in each house be suspended, and this rule is hereby suspended, 1-24 and that this Act take effect and be in force from and after its 2-1 passage, and it is so enacted.