By Pitts H.B. No. 3669 77R10156 DWS-F A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to application of certain insurance premium financing law 1-3 to a retail installment transaction involving a motor vehicle. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Subchapter A, Chapter 348, Finance Code, is 1-6 amended by adding Section 348.012 to read as follows: 1-7 Sec. 348.012. APPLICABILITY OF INSURANCE PREMIUM FINANCING 1-8 PROVISIONS. Chapter 24, Insurance Code, does not apply to a retail 1-9 installment transaction. 1-10 SECTION 2. The purpose of this Act is to clarify and confirm 1-11 existing law. 1-12 SECTION 3. This Act takes effect immediately if it receives 1-13 a vote of two-thirds of all the members elected to each house, as 1-14 provided by Section 39, Article III, Texas Constitution. If this 1-15 Act does not receive the vote necessary for immediate effect, this 1-16 Act takes effect September 1, 2001.