MINUTES SENATE COMMITTEE ON BUSINESS & COMMERCE Subcommittee on Interim Charge #1 Tuesday, December 4, 2001 9:30 a.m. Senate Chamber ***** Pursuant to a notice posted in accordance with Senate Rule 11.18, a public hearing of the Senate Committee on Business & Commerce, Subcommittee on Interim Charge #1, was held on Tuesday, December 4, 2001, in the Senate Chamber at Austin, Texas. ***** MEMBERS PRESENT: MEMBERS ABSENT: Senator John Carona, Chairman Senator Leticia Van de Putte Senator Troy Fraser Senator Mike Jackson Senator Eddie Lucio, Jr. ***** Senator John Carona, Chairman of the Subcommittee on Interim Charge #1 (the Termination of Contractual Agreements Between Insurers and Insurance Agents), called the meeting to order at 9:40 a.m. There being a quorum present, the following business was transacted: Chairman Carona made opening remarks and stated that Interim Charge #1 was the result of a bill carried by Senator Jackson during the legislative session. The bill caught the attention of a number of people, which led the Senate leadership to believe that the issue was worthy of further study. The Chairman then called the first invited witness, Jose Montemayor, Commissioner, Texas Department of Insurance, who presented a briefing on the issue. Following Commissioner Montemayor's testimony and response to members' questions, Chairman Carona called Panel 1 - Insurance Agents. The panelists were: Jerry Beauchamp, San Antonio, Texas, Jim Boldin, Austin, Texas, Raymond Gonzalez, San Antonio, Texas, and Dave Howell, New Braunfels, Texas. Upon completion of testimony by Panel 1, the Chairman called Panel 2 - Insurers. The panelists presenting testimony and responding to members' questions were: John Hintz, State Farm Insurance Companies, Austin, Texas, Bob Huxel, Farmers Insurance Group, Austin, Texas, and Jay Thompson, Association of Fire & Casualty Companies in Texas, Austin, Texas. Chairman Carona then called for public testimony to commence. Witnesses testifying, and registering but not wishing to testify, are shown on the attached list. There being no further business, at 12:20 p.m. Chairman Carona moved that the Subcommittee stand recessed subject to the call of the chairman. Without objection, it was so ordered. _______________________________ Senator John Carona, Chairman _______________________________ Barbara Henderson, Clerk