(1)  Amend SB 310 by adding a new SECTION 2, to read as 
follows, and renumbering the subsequent SECTIONS:
	SECTION  2.  Chapter 38, Insurance Code is amended by adding 
Section 38.107 to read as follows:
	Section 38.107.  DATA COLLECTION REGARDING CERTAIN LIFE 
INSURERS      
	(a)  PURPOSE.  The purpose of this section is to require on a 
one-time basis that insurers that write or have written small face 
amount life insurance, including industrial life or burial 
insurance, in this state, immediately after the effective date of 
this section, file rates and supporting data with the commissioner 
of insurance for the purpose of the preparation of a summary report 
for submission to the 78th Legislature.  The report shall contain a 
review of the rates:
(1)  to inform the legislature as to whether the rates 
are just, adequate, and reasonable and not excessive;
(2)  to identify those policies, forms and rates that 
are unfairly discriminatory; and
(3)  to assist in the determination of the most 
effective and efficient regulatory system for small face amount 
life insurance, including industrial life and burial insurance, in 
Texas.
	(b)  APPLICABILITY.  (1)  This subchapter applies to each 
insurer authorized to write life insurance in this state, including 
an insurer operating under Chapter 841, 881, 882, 884, 885, 886, 
887, 888, or 982 and an insurer exempt under Section 887.102.
(2)  This subchapter applies to any individual or group 
life insurance policy issued in this state, including an industrial 
life insurance policy offered under Chapter 1151.
	(c)  DEFINITION.  In this section, "small face amount life 
insurance" means individual or group life insurance with an initial 
death benefit of $15,000 or less.
	(d)  RATE INFORMATION.  (1)  Insurers must file small face 
amount life insurance rates and supporting information with the 
commissioner in accordance with the requirements determined by the 
commissioner under this section.
(2)  Filings made by each insurer must be sufficient to 
respond to the commissioner's request for information under this 
section.
(3)  As determined by the commissioner under 
Subsection (e) of this section, the insurer shall file:
(A)  all small face amount life insurance rates 
and underwriting and rating manual information used to determine 
the rates; and
(B)  any statistics or other information to 
support the rates to be used by the insurer;
(4)  The commissioner shall determine which insurers 
are required to file the rating information under this section.
(5)  The commissioner shall determine the type of 
information to be included in the filing and the date on which the 
filing is due.
(6)  The commissioner may require only one filing of 
rates and supporting information by an insurer under this section 
and may require additional information as provided by Subsection 
(d) of this section.  The commissioner shall require the one filing 
of rates as provided by this section to be made not later than the 
60th day after the effective date of this section.
(7)  The commissioner shall issue an order specifying 
the information that insurers must file to comply with this section 
and the date on which the filing is due.
(8)  The commissioner is not required to hold a hearing 
before issuing the order required under Subdivision (7) of this 
section.
(9)  The commissioner shall notify an affected insurer 
of the order requiring the rate filing information under this 
section on the day the order is issued.
	(e)  ADDITIONAL INFORMATION.  After the initial rate 
submission under Subsection (d) of this section, the commissioner 
may require an insurer to provide additional, reasonable 
information for purposes of the clarification or completeness of 
the initial rate submission.
	(f)  REPORT.  (1)  The commissioner shall submit a report to 
the governor, the lieutenant governor, the speaker of the house of 
representatives, and the members of the legislature on the 
information collected from the filings required under this section.  
The report shall be submitted not later than the 30th day after the 
effective date of this section.
(2)  The report required under this section shall be 
presented in a manner that protects the identity of individual 
insurers:
(A)  to inform the legislature as to whether the 
rates are just, adequate, and reasonable and not excessive or 
unfairly discriminatory; and
(B)  to assist the legislature in the 
determination of the most effective and efficient regulatory system 
for small face amount life insurance, including industrial life and 
burial insurance, in Texas.
	(g)  APPLICATION OF CERTAIN LAW.  Chapter 40 of this code does 
not apply to an action of the commissioner under Subsection (c) of 
this section.
	(h)  FAILURE TO COMPLY.  An insurer that fails to comply with 
any request for information issued by the commissioner under this 
section is subject, after notice and opportunity for hearing, to 
sanctions as provided by Chapters 82 and 84 of this code.