Amend CSSB 14 by inserting the following new ARTICLE,
appropriately numbered, and renumbering subsequent ARTICLES and
SECTIONS of the bill accordingly:
ARTICLE _____. CERTAIN PROVISIONS AFFECTING AGENTS
SECTION _____.01. Section 3, Article 21.11-1, Insurance
Code, is amended to read as follows:
Sec. 3. The provisions of this article shall not apply to the
termination or suspension of an agent's contract for insolvency,
abandonment, gross and willful misconduct, or failure to pay over
to the company money due to the company after his receipt of a
written demand therefor, or after revocation of the agent's license
by the State Board of Insurance [; nor to the termination or
suspension of agents where the policies and the insurance business
is owned by the company and not by the agent].