Amend SB 273, on third reading, as follows:
      (1)  In SECTION 15 of the bill (house committee report), in
added Subsection (a), Section 5, Chapter 22, Acts of the 57th
Legislature, 3rd Called Session, 1962 (Article 6228a-5, Vernon's
Texas Civil Statutes), strike "eligible qualified investment
product" and substitute "eligible qualified investment".
      (2)  In SECTION 15 of the bill (house committee report),
strike added Section 10, Chapter 22, Acts of the 57th Legislature,
3rd Called Session, 1962 (Article 6228a-5, Vernon's Texas Civil
Statutes), and substitute the following:
      Sec. 10.  (a)  A person commits an offense if the person:
            (1)  sells or offers for sale a qualified investment
product that is not an eligible qualified investment and that the
person knows will be the subject of a salary reduction agreement;
            (2)  violates the licensing requirements of Subchapter
A, Chapter 21, Insurance Code, with regard to a qualified
investment product that the person knows will be the subject of a
salary reduction agreement; or
            (3)  engages in activity described by Section 4,
Article 21.21, Insurance Code, with regard to a qualified
investment product that the person knows will be the subject of a
salary reduction agreement.
      (b)  An offense under this section is a Class A misdemeanor.
      (c)  If conduct that constitutes an offense under this
section also constitutes a criminal offense under the Insurance
Code, the actor may be prosecuted under this section or under the
Insurance Code, but not under both this section and the Insurance
Code.
      (3)  Strike the SECTIONS of the bill that amend Articles
21.02-1 and 21.07A, Insurance Code (SECTIONS 19 and 20, house
committee report).
      (4)  In SECTION 27 of the bill (house committee report),
which provides the effective dates for various provisions of the
bill, in Subsection (b) of that section, strike Subdivisions (2)
and (3) and renumber the subsequent subdivisions appropriately.
      (5)  Renumber the SECTIONS of the bill appropriately.