Amend the committee amendment to HB 2811 by striking items
(18), (128), (133), (136), (171), (191), (195), and (199),
substituting the following items, appropriately numbered, and
renumbering items of the amendment appropriately:
      ( )  In Chapter 822, Insurance Code, as added by SECTION 1 of
the bill (introduced version), in Section 822.052, strike
Subdivision (3) and substitute the following:
            (3)  the kind of insurance business in which the
company proposes to engage;
      ( )  In Chapter 823, Insurance Code, as added by SECTION 1 of
the bill (introduced version), in Section 823.012, in Subsection
(c), strike "Section 823.007" and substitute "Section 823.008".
      ( )  In Section 823.203, Insurance Code, as added by SECTION
1 of the bill (introduced version), in Subsection (a), strike
Subdivisions (1)-(3) and substitute the following:
            (1)  fully audited financial information about the
earnings and financial condition of the acquiring person for the
preceding three fiscal years or, if the acquiring person and any
predecessors of the acquiring person have been in existence for
less than three fiscal years, for that shorter period; and
            (2)  similar unaudited financial information about the
earnings and financial condition of the acquiring person as of a
date not earlier than the 120th day preceding the date the
statement is filed.
      ( )  In Section 823.203, Insurance Code, as added by SECTION
1 of the bill (introduced version), strike Subsection (e) and
substitute the following:
      (e)  A statement required under Section 823.154 must contain
additional financial information in the form or substance required
by the commissioner that is material to a finding under Section
823.157(3).
      (f)  The commissioner may waive any financial information
required under this section that the commissioner does not consider
to be material.
      ( )  In Chapter 824, Insurance Code, as added by SECTION 1 of
the bill (introduced version), in the chapter heading, between "OF"
and "INSURANCE", insert "STOCK".
      ( )  In Chapter 841, Insurance Code, as added by SECTION 1 of
the bill (introduced version), in Section 841.052, strike
Subdivision (3) and substitute the following:
            (3)  the kinds of insurance business in which the
company proposes to engage;
      ( )  In Chapter 841, Insurance Code, as added by SECTION 1 of
the bill (introduced version), in Section 841.056, in Subsection
(f), between "The" and "consideration", insert "actual".
      ( )  In Chapter 841, Insurance Code, as added by SECTION 1 of
the bill (introduced version), in Section 841.301, in Subsection
(b), between "ceases to" and "assume", insert "write or".
      ( )  In Chapter 842, Insurance Code, as added by SECTION 1 of
the bill (introduced version), in Section 842.257, between "policy"
and "issued by", insert "or certificate".
      ( )  In Chapter 843, Insurance Code, as added by SECTION 1 of
the bill (introduced version), in Section 843.101, in Subsection
(b), strike "other health care" and substitute "health care".
      ( )  In Chapter 843, Insurance Code, as added by SECTION 1 of
the bill (introduced version), in Section 843.156, in Subsection
(f), in the first sentence, strike "or otherwise implement this
chapter or Chapter 20A".
      ( )  In Section 843.201, Insurance Code, as added by SECTION
1 of the bill (introduced version), in Subsection (b), strike "a
handbook provided by the health maintenance organization" and
substitute "the member handbook provided under Section 843.205".
      ( )  In Chapter 843, Insurance Code, as added by SECTION 1 of
the bill (introduced version), in Section 843.362, in Subsection
(a), in the second sentence, strike "or life-threatening illness
and an enrollee" and substitute "life-threatening illness, or".
      ( )  In Chapter 843, Insurance Code, as added by SECTION 1 of
the bill (introduced version), in Section 843.405, in Subsection
(h), strike "Subsection (h)" and substitute "Subsection (g)".
      ( )  In Chapter 846, Insurance Code, as added by SECTION 1 of
the bill (introduced version), in Section 846.056, strike
Subsection (b)(1)(C) and substitute the following:
                  (C)  if the employers in the arrangement are not
an association, at least five employers;
      ( )  In Chapter 846, Insurance Code, as added by SECTION 1 of
the bill (introduced version), in Section 846.207, in Subsection
(b), strike "all coverage" and substitute "all health benefit
plans".
      ( )  In Chapter 861, Insurance Code, as added by SECTION 1 of
the bill (introduced version), in Section 861.251, in Subsection
(c), strike "paid in capital or surplus" and substitute "capital or
paid in surplus".
      ( )  In Section 882.501, Insurance Code, as added by SECTION
1 of the bill (introduced version), in Subsection (c), strike
"direct".
      ( )  In Section 884.057, Insurance Code, as added by SECTION
1 of the bill (introduced version), in Subsection (a), strike "the
hearing" in each place the phrase appears in the subsection and
substitute "a hearing".
      ( )  In Section 884.603, Insurance Code, as added by SECTION
1 of the bill (introduced version), in Subsection (c), strike
"stipulated premium insurer" and substitute "stipulated premium
company".
      ( )  In Section 885.502, Insurance Code, as added by SECTION
1 of the bill (introduced version), in Subsection (a)(2)(A), strike
"for a period of at least one year" and substitute "after its first
year of existence".
      ( )  In Chapter 888, Insurance Code, as added by SECTION 1 of
the bill (introduced version), in Subchapter A following Section
888.005, insert the following:
      Sec. 888.006.  APPLICABILITY OF OTHER LAW.  A burial
association is subject to Chapter 887. (New.)
      ( )  In Section 941.003, Insurance Code, as added by SECTION
1 of the bill (introduced version), in Subsection (b), strike
Subdivisions (1)-(5) and substitute the following:
            (1)  Section 5, Article 1.10;
            (2)  Article 1.15A;
            (3)  Subchapter A, Chapter 5;
            (4)  Articles 5.35, 5.38, 5.39, 5.40, and 5.49;
            (5)  Articles 21.21 and 21.49-8; and
            (6)  Sections 822.203, 822.205, 822.210, and 822.212.
      ( )  In Section 961.255, Insurance Code, as added by SECTION
1 of the bill (introduced version), strike "or a benefit" and
substitute "and a benefit".
      ( )  In Section 981.154, Insurance Code, as added by SECTION
1 of the bill (introduced version), in Subsection (b)(3), strike
"adopted" and substitute "prescribed".
      ( )  In Section 981.203, Insurance Code, as added by SECTION
1 of the bill (introduced version), in Subsection (a)(1), strike
"who resides in this state and" and substitute "resident in this
state who".
      ( )  In Chapter 1101, Insurance Code, as added by SECTION 2
of the bill (introduced version), strike Section 1101.010 and
substitute the following:
      Sec. 1101.010.  NONFORFEITURE BENEFITS AND CASH SURRENDER
VALUES IN GENERAL.  A life insurance policy must provide
nonforfeiture benefits, including cash surrender values, in
accordance with:
            (1)  Subchapter D; or
            (2)  Chapter 1105, for a policy issued on or after the
date determined under Section 1105.002(a) or (b), as applicable.
(V.T.I.C. Art. 3.44 (part).)
      ( )  In Section 1101.151, Insurance Code, as added by SECTION
2 of the bill (introduced version), between the period and
"(New.)", insert: "A term life insurance policy is not required to
comply with this subchapter."
      ( )  In Section 1103.102, Insurance Code, as added by SECTION
2 of the bill (introduced version), in Subsection (a), strike "and
designates in writing filed with the company that issues the policy
a beneficiary to receive the proceeds of the policy" and substitute
", designates in writing a beneficiary to receive the proceeds of
the policy, and files the written designation with the company".
      ( )  In Section 1107.052, Insurance Code, as added by SECTION
2 of the bill (introduced version), strike Subsection (b), and
substitute the following:
      (b)  The minimum nonforfeiture amount on or before annuity
payments begin is an amount equal to the accumulation of the
prescribed percentages of the amount of net considerations paid to
the date of computation, which are accumulated at an interest rate
of three percent per year, plus any additional amount credited to
the contract by the company, less the amount of:
            (1)  any withdrawal from or partial surrender of the
contract made before the minimum nonforfeiture amount is computed,
accumulated at an interest rate of three percent per year; and
            (2)  any indebtedness to the company on the contract,
including any accrued interest due on the indebtedness.
      ( )  In Section 1111.002, Insurance Code, as added by SECTION
2 of the bill (introduced version), in Subdivision (2), strike
"transfers", and substitute "may sell or otherwise transfer".
      ( )  In Section 1131.858, Insurance Code, as added by SECTION
2 of the bill (introduced version), strike Subsection (b), and
substitute the following:
      (b)  A change in a premium rate made in accordance with this
section takes effect on a date that is determined by the insurer in
accordance with the terms of the policy.
      ( )  In Chapter 1151, Insurance Code, as added by SECTION 2
of the bill (introduced version), strike Section 1151.101 and
substitute the following:
      Sec. 1151.101.  AUTHORIZED PROVISIONS.  In addition to the
provisions required by Subchapter B and Section 1151.152, an
industrial life insurance policy may:
            (1)  exclude liability or promise a benefit that is
less than the full amount payable as a death benefit if the
insured:
                  (A)  dies by the insured's own hand, regardless
of whether the insured is sane or insane; or
                  (B)  dies as a result of engaging in<>  a stated
hazardous occupation;
            (2)  promise a benefit that is less than the full
amount payable if the insured dies as a result of an aviation
activity under a condition specified in the policy approved by the
department as provided by Article 3.42;
            (3)  limit the maximum amount payable on the death of a
child younger than 15 years of age; and
            (4)  include any other provision not otherwise
prohibited by this chapter.  (V.T.I.C. Art. 3.52, Secs. 4, 5
(part).)
      ( )  In Chapter 1551, Insurance Code, as added by SECTION 2
of the bill (introduced version), strike Section 1551.064 and
substitute the following:
      Sec. 1551.064.  CERTAIN GROUP HEALTH AND ACCIDENT POLICIES OR
CONTRACTS.  (a)  This section applies only to a group policy or
contract described by Section 3B(a), Article 3.51-6.  A policy or
contract executed under this chapter must provide that:
            (1)  premium payments must be:
                  (A)  paid directly to the Employees Retirement
System of Texas; and
                  (B)  postmarked or received not later than the
10th day of the month for which the premium is due;
            (2)  the premium for group continuation coverage under
Section 3B, Article 3.51-6, may not exceed the level established
for other surviving dependents of deceased employees and
annuitants;
            (3)  at the time the group policy or contract is
delivered, issued for delivery, renewed, amended, or extended, the
Employees Retirement System of Texas shall give notice of the
continuation option to each state agency covered by the group
benefits program; and
            (4)  each state agency shall give written notice of the
continuation option to each employee and dependent of an employee
who is covered by the group benefits program.
      (b)  A group policy or contract executed under this chapter
must provide that, not later than the 15th day after the date of
any severance of the family relationship that might activate the
continuation option under Section 3B, Article 3.51-6, the group
member shall give written notice of the severance to the employing
state agency.
      (c)  On receipt of notice under Subsection (b) or on the
death of an employee, the employing state agency shall give written
notice of the continuation option to each affected dependent. The
notice must state the amount of the premium to be charged and must
be accompanied by any necessary enrollment forms.
      (d)  A covered dependent must exercise the continuation
option not later than the 45th day after the date of:
            (1)  the severance of the family relationship; or
            (2)  the retirement or death of the group member.
      (e)  A covered dependent must provide written notice of the
exercise of the continuation option to the employing state agency
within the time prescribed by Subsection (d). Coverage under the
policy or contract remains in effect during the period prescribed
by Subsection (d) if the premiums are paid.
      (f)  Any period of previous coverage under the policy or
contract must be used in full or partial satisfaction of any
required probationary or waiting periods provided in the policy or
contract for dependent coverage.  (V.T.I.C. Art. 3.51-6, Sec.
3B(m).)