1-1     By:  Sibley                                           S.B. No. 1793
 1-2           (In the Senate - Filed April 5, 2001; April 5, 2001, read
 1-3     first time and referred to Committee on Business and Commerce;
 1-4     April 24, 2001, reported adversely, with favorable Committee
 1-5     Substitute by the following vote:  Yeas 7, Nays 0; April 24, 2001,
 1-6     sent to printer.)
 1-7     COMMITTEE SUBSTITUTE FOR S.B. No. 1793                  By:  Sibley
 1-8                            A BILL TO BE ENTITLED
 1-9                                   AN ACT
1-10     relating to meetings of the commissioner of insurance with the
1-11     board of directors of certain guaranty associations.
1-12           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-13           SECTION 1.  Section 551.079, Government Code, is amended to
1-14     read as follows:
1-15           Sec. 551.079.  TEXAS DEPARTMENT [STATE BOARD] OF INSURANCE.
1-16     (a)   The requirements of this chapter do not apply to a meeting of
1-17     the commissioner of insurance or the commissioner's designee with
1-18     the board of directors of a guaranty association established under
1-19     Article 9.48, 21.28-C, or 21.28-D, Insurance Code, [State Board of
1-20     Insurance] in the discharge of the commissioner's duties and
1-21     responsibilities to regulate and maintain the solvency of a person
1-22     regulated by the Texas Department of Insurance [board].
1-23           (b)  The commissioner of insurance [board] may deliberate and
1-24     determine the appropriate action to be taken concerning the
1-25     solvency of a person regulated by the Texas Department of Insurance
1-26     [board] in a closed meeting with persons in one or more of the
1-27     following categories:
1-28                 (1)  staff of the Texas Department of Insurance
1-29     [board];
1-30                 (2)  a regulated person;  [or]
1-31                 (3)  representatives of a regulated person; or
1-32                 (4)  members of the board of directors of a guaranty
1-33     association established under Article 9.48, 21.28-C, or 21.28-D,
1-34     Insurance Code.
1-35           SECTION 2.  This Act takes effect September 1, 2001.
1-36                                  * * * * *