Amend CSSB 957 as follows:
      (1)  In SECTION 1.01, in added Article 21.09, Insurance Code,
following added Section 5 of the article (house committee printing,
page 13, between lines 7 and 8), insert the following new Section
6:
      Sec. 6.  FUNERAL PREARRANGEMENT LIFE INSURANCE LICENSE.  (a)
In this section, "funeral establishment" means a place of business
used in the care and preparation for burial or transportation of
dead human bodies, or any place at which one or more persons,
either as sole owner, in copartnership, or through corporate
status, are engaged, or represent themselves to be engaged, in the
business of embalming or funeral directing.
      (b)  Notwithstanding any other provision of this article or
this code, the commissioner may issue a funeral prearrangement life
insurance agent's specialty license under Section 1 of this article
to a funeral establishment that complies with this section only for
the limited purposes set forth in this section.
      (c)  A funeral prearrangement life insurance agent may write
only life insurance policies and fixed annuity contracts to secure
delivery of funeral services and merchandise under prepaid funeral
contracts regulated by the Texas Department of Banking under
Chapter 154, Finance Code.  A funeral prearrangement life insurance
agent may not act as an agent for an insurance company unless the
agent acts under the supervision of a person, including a
corporation, who holds or is an authorized representative of a
holder of a permit issued by the Texas Department of Banking
regulated under Chapter 154, Finance Code.
      (d)  A funeral prearrangement life insurance agent and the
agent's employees may not:
            (1)  write any coverage or combination of coverages
with an initial guaranteed death benefit in excess of $15,000 on
any life; or
            (2)  act as an agent for more than one insurance
company.
      (2)  In SECTION 1.01, in added Article 21.09, Insurance Code
(house committee printing, page 13, line 8), renumber existing
Section 6 of the article as Section 7.
      (3)  In SECTION 5.01, at the end of Subdivision (2),
following the semicolon (house committee printing, page 26, line
1), strike "and".
      (4)  In SECTION 5.01 (house committee printing, page 26,
between lines 1 and 2) insert the following new Subdivision (3) and
renumber the subsequent subdivision accordingly:
            (3)  Section 5A, Chapter 213, Acts of the 54th
Legislature, Regular Session, 1955 (Article 21.07-1, Vernon's Texas
Insurance Code); and
      (5)  In SECTION 6.02 (house committee printing, page 26,
lines 7-17), strike Subsection (a), substitute the following new
Subsections (a) and (b), and reletter subsequent subsections
appropriately:
      (a)  Not later than January 1, 2000, the Texas Department of
Insurance shall issue an appropriate license under Article 21.09,
Insurance Code, as added by this Act, to a person who, immediately
before the effective date of this Act, holds an  agent license
issued by the Texas Department of Insurance under:
            (1)  Section 21, Article 21.07, Insurance Code, as
added by Chapter 820, Acts of the 75th Legislature, Regular
Session, 1997;
            (2)  Section 21, Article 21.07, Insurance Code, as
added by Chapter 1196, Acts of the 75th Legislature, Regular
Session, 1997; or
            (3)  Section 5A, Chapter 213, Acts of the 54th
Legislature, Regular Session, 1955 (Article 21.07-1, Vernon's Texas
Insurance Code).
      (b)  On issuance of the new license under Subsection (a) of
this section, the license holder is subject to Article 21.09,
Insurance Code, as added by this Act.