Amend SB 1196 by inserting a new SECTION 2 of the bill to
read as follows (page 3, between lines 17 and 18, senate
engrossment printing) and renumbering the subsequent SECTIONS of
the bill appropriately:
      SECTION 2.  The purpose of this Act is to clarify existing
law and practice as it relates to consent to the ownership of, or
status as a beneficiary under, a life insurance policy.  This Act
is not intended to alter or modify the meaning of, or law relating
to, former Section 4, Chapter 113, Acts of the 53rd Legislature,
Regular Session, 1953 (Article 3.49-1, Vernon's Texas Insurance
Code), as that section existed immediately before the effective
date of this Act.