78S10218 DLF-D

By:  Callegari                                                    H.B. No. 56 


A BILL TO BE ENTITLED
AN ACT
relating to the qualification and appointment of the commissioner of insurance. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 31.022(a), Insurance Code, is amended to read as follows: (a) The governor, with the advice and consent of the senate, shall appoint the commissioner. The commissioner serves a one-year [two-year] term that expires on February 1 [of each odd-numbered year]. SECTION 2. Section 31.023, Insurance Code, is amended to read as follows: Sec. 31.023. QUALIFICATIONS. The commissioner must: (1) be a competent and experienced administrator; (2) be well informed and qualified in the fields [field] of insurance and insurance regulation; and (3) have [at least 10 years of] experience [as an executive] in the administration of business or government [or as a practicing attorney or certified public accountant, with at least five years of that experience in the field of insurance or insurance regulation]. SECTION 3. This Act takes effect November 1, 2003.