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Amend SB 310, on third reading, as follows:
(1) In Section 2 of added Article 5.141, Insurance Code,
insert new Subdivision (4) to read as follows:
(4) "Security" or "securities" has the meaning assigned
by Section 4, The Securities Act (Article 581-4, Vernon's Texas
Civil Statutes).
(2) In Section 3(c) of added Article 5.141, Insurance Code,
following Subdivision (4) and before the semi-colon, insert
Subdivisions (5) and (6) to read as follows:
(5) information on the insurer's losses from
investments in securities, whether publicly or privately traded,
including investments in the securities of companies required by
any oversight agency to restate earnings within the 24 months
preceding the effective date of this article, possessed and used by
the insurer to determine premiums or underwriting for residential
property insurance, as this information relates to the rates
described by Section 1 of this article;
(6) information on the insurer's costs of reinsurance,
including costs incurred subsequent to September 11, 2001,
possessed and used by the insurer to determine premiums or
underwriting for residential property insurance, as this
information relates to the rates described by Section 1 of this
article
(3) In Section 3(c) of added Article 5.141, Insurance Code,
renumber Subdivisions (5) and (6), as added by Amendment No. 3 by
Wolens accordingly.