SRC-TBR C.S.S.B. 1793 77(R)BILL ANALYSIS Senate Research CenterC.S.S.B. 1793 By: Sibley Business & Commerce 4/20/2001 Committee Report (Substituted) DIGEST AND PURPOSE Currently, there are three guaranty associations authorized by statute in the Insurance Code. C.S.S.B. 1793 provides that the provisions of the Open Meetings Act do not apply to a meeting of the commissioner of insurance or the commissioner's designee with the board of directors of a guaranty association in the discharge of the commissioner's duties and responsibilities to regulate and maintain the solvency of a person regulated by the Texas Department of Insurance. RULEMAKING AUTHORITY This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 551.079, Government Code, as follows: Sec. 551.079. New heading: TEXAS DEPARTMENT OF INSURANCE. (a) Provides that the requirements of this chapter do not apply to a meeting of the commissioner of insurance or the commissioner's designee with the board of directors of a guaranty association established under Article 9.48, 21.28-C, or 21.28-D, Insurance Code, in the discharge of the commissioner's duties and responsibilities to regulate and maintain the solvency of a person regulated by the Texas Department of Insurance, rather than the board. (b) Authorizes the commissioner of insurance, rather than the board, to deliberate and determine the appropriate action to be taken concerning the solvency of a person regulated by the Texas Department of Insurance in a closed meeting with persons in one or more of certain categories. SECTION 2. Effective date: September 1, 2001. SUMMARY OF COMMITTEE CHANGES Amends As Filed S.B. 1793 by striking proposed language in SECTIONS 1, 2 and 3 and renumbering existing SECTIONS 5 and 6 as SECTIONS 1 and 2.