This website will be unavailable from Thursday, May 30, 2024 at 6:00 p.m. through Monday, June 3, 2024 at 7:00 a.m. due to data center maintenance.

	
Amend HB 1131, on second reading, as follows:                                
	(1) On page 1, strike lines 17-18 and substitute the 
following:              
	Sec. 2306.002. RESTRICTIONS ON INSURER INTEREST. (a) An 
insurer may not hold or acquire an ownership interest in a repair 
facility unless:
		(1) the insurer's ownership interest is 25 percent or 
less;          
		(2) the insurer does not have management control, 
either through stock ownership or by shareholder agreement, to 
effect the election of:
			(A) a majority of the board of directors of the 
facility; or        
			(B) any officer of the facility;                                      
		(3) the investment is disclosed by the insurer to an 
insured at the time a referral is made by the insurer to the insured 
to a repair facility in which the insurer has a financial interest; 
and
		(4) the insurer discloses to each insured that the 
insured has the right to use any repair facility selected by the 
insured:
			(A) at the time the insurance policy is delivered, 
issued for the deliver, or renewed; and
			(B) when a claim covered by the insurance policy 
is reported to the insurer by the insured.
	(b) An insurer that has any financial interest in a repair 
facility may not prohibit the repair facility from entering into a 
business relationship with any other insurer.
	(2) On page 2, strike line 4 and substitute "a repair facility 
greater than 25 percent must divest itself of that interest in the 
facility".