1-1                                   AN ACT
 1-2     relating to meetings of the commissioner of insurance with the
 1-3     board of directors of certain guaranty associations.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1.  Section 551.079, Government Code, is amended to
 1-6     read as follows:
 1-7           Sec. 551.079.  TEXAS DEPARTMENT [STATE BOARD] OF INSURANCE.
 1-8     (a)   The requirements of this chapter do not apply to a meeting of
 1-9     the commissioner of insurance or the commissioner's designee with
1-10     the board of directors of a guaranty association established under
1-11     Article 9.48, 21.28-C, or 21.28-D, Insurance Code, [State Board of
1-12     Insurance] in the discharge of the commissioner's duties and
1-13     responsibilities to regulate and maintain the solvency of a person
1-14     regulated by the Texas Department of Insurance [board].
1-15           (b)  The commissioner of insurance [board] may deliberate and
1-16     determine the appropriate action to be taken concerning the
1-17     solvency of a person regulated by the Texas Department of Insurance
1-18     [board] in a closed meeting with persons in one or more of the
1-19     following categories:
1-20                 (1)  staff of the Texas Department of Insurance
1-21     [board];
1-22                 (2)  a regulated person;  [or]
1-23                 (3)  representatives of a regulated person; or
1-24                 (4)  members of the board of directors of a guaranty
1-25     association established under Article 9.48, 21.28-C, or 21.28-D,
 2-1     Insurance Code.
 2-2           SECTION 2.  This Act takes effect September 1, 2001.
         _______________________________     _______________________________
             President of the Senate              Speaker of the House
               I hereby certify that S.B. No. 1793 passed the Senate on
         May 3, 2001, by the following vote:  Yeas 30, Nays 0, one present,
         not voting.
                                             _______________________________
                                                 Secretary of the Senate
               I hereby certify that S.B. No. 1793 passed the House on
         May 23, 2001, by a non-record vote.
                                             _______________________________
                                                Chief Clerk of the House
         Approved:
         _______________________________
                      Date
         _______________________________
                    Governor