Amend HB 3507 as follows:
(1) On page 194, between lines 10 and 11, insert the following new SECTION, appropriately numbered:
SECTION 10A.___. (a) Section 1101.003(a), Insurance Code,
is transferred to Subchapter G, Chapter 841, Insurance Code,
redesignated as Section 841.303 and amended to more closely conform
to the source law from which it was derived:
Sec. 841.303. ENTIRE CONTRACT. Each [(a) A life
insurance] policy of insurance issued or delivered in this state by
any life insurance company engaged in business in this state
constitutes the entire contract between the parties, except that if
the application is made a part of the contract, the policy and the
application constitute the entire contract.
(b) Section 1101.003(b), Insurance Code, is redesignated as
Section 1101.003, Insurance Code, and amended to read as follows:
Sec. 1101.003. ENTIRE CONTRACT. [(b)] A life insurance
policy must provide that the policy or the policy and the
application for the policy constitute the entire contract between
the parties.
(c) The heading of Subchapter G, Chapter 841, Insurance
Code, is amended to read as follows:
SUBCHAPTER G. [PROHIBITIONS AND RESTRICTIONS ON]
ISSUANCE OF POLICIES
(2) On page 196, between lines 1 and 2, insert the following
new SECTION, appropriately numbered:
SECTION 10A.___. Subchapter L, Chapter 843, Insurance Code,
is amended to more closely conform to the source law from which
Chapter 843 was derived by adding Section 843.409 to read as
follows:
Sec. 843.409. EXAMINATION EXPENSES. A credit against the
amount of premium taxes to be paid by a health maintenance
organization in a taxable year may not be allowed on:
(1) an examination fee or expense paid to another
state; or
(2) an examination expense:
(A) directly attributable to an examination of
the books, records, accounts, or principal offices of a health
maintenance organization located outside this state; or
(B) paid in a different taxable year.
(3) Renumber SECTIONS of the bill accordingly.