By Bosse H.B. No. 2853
76R9117 T
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the provision of insurance for mutual indemnity
1-3 agreements used in the oilfield.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 127.005(b) Civil Practices and Remedies,
1-6 is amended to read as follows:
1-7 (b) With respect to a mutual indemnity obligation, the
1-8 indemnity obligation is limited to the extent of the coverage and
1-9 dollar limits of insurance or qualified self-insurance each party
1-10 as indemnitor has agreed to [provide in equal amounts of] obtain
1-11 for its benefit or the benefit of the other party as indemnitee.
1-12 SECTION 2. The importance of this legislation and the
1-13 crowded condition of the calendars in both houses create an
1-14 emergency and an imperative public necessity that the
1-15 constitutional rule requiring bills to be read on three several
1-16 days in each house be suspended, and this rule is hereby suspended,
1-17 and that this Act take effect and be in force from and after its
1-18 passage, and it is so enacted.