78R1665 KCR-D

By:  Ellis                                                        S.B. No. 230



A BILL TO BE ENTITLED

AN ACT

relating to reporting charitable gifts by certain insurance 
companies.      
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Subchapter A, Chapter 802, Insurance Code, as 
effective June 1, 2003, is amended by adding Section 802.004 to read 
as follows:
	Sec. 802.004.  CHARITABLE GIVING REPORT.  (a)  In this 
section, "charitable gift" means a gift of money or property given 
to an individual or entity for public benevolent purposes and not 
for profit or as payment for services rendered.  The term includes a 
philanthropic grant but does not include a community investment.
	(b)  The commissioner may request and insurance companies 
shall provide information detailing an insurance company's 
charitable gifts for the preceding calendar year.
	(c)  Information requested by the commissioner under 
Subsection (b) must be attached to or included in the insurance 
company's annual statement or annual report, as required under this 
code.
	SECTION 2.  Section 842.201, Insurance Code, as effective 
June 1, 2003, is amended by adding Subsection (d) to read as 
follows:
	(d)  An annual statement filed with the department under this 
section must comply with Section 802.004.
	SECTION 3.  Section 881.006, Insurance Code, as effective 
June 1, 2003, is amended by adding Subsection (c) to read as 
follows:
	(c)  An annual statement filed with the department must 
comply with Section 802.004.
	SECTION 4.  Section 884.256, Insurance Code, as effective 
June 1, 2003, is amended by adding Subsection (f) to read as 
follows:
	(f)  An annual statement filed with the department under this 
section must comply with Section 802.004.
	SECTION 5.  Section 885.401, Insurance Code, as effective 
June 1, 2003, is amended by adding Subsection (d) to read as 
follows:
	(d)  An annual report filed with the department under this 
section must comply with Section 802.004.
	SECTION 6.  Section 887.102(b), Insurance Code, as effective 
June 1, 2003, is amended to read as follows:
	(b)  An association exempt under this section shall:                           
		(1)  make annual reports to the department, on forms 
provided for that purpose, showing:
			(A)  the financial condition of the association;               
			(B)  [,] receipts and expenditures of the 
association; and
			(C)  [, and] any other facts required by the 
department, including information required under Section 802.004; 
and
		(2)  obtain from the department a permit to engage in 
the business of insurance.
	SECTION 7.  Section 912.302, Insurance Code, as effective 
June 1, 2003, is amended to read as follows:
	Sec. 912.302.  ANNUAL STATEMENT; FILING FEE.  (a)  The 
department shall charge and the comptroller shall collect a fee of 
$20 for the filing of an annual statement by a county mutual 
insurance company.
	(b)  An annual statement filed with the department must 
comply with Section 802.004.
	SECTION 8.  Section 941.252, Insurance Code, as effective 
June 1, 2003, is amended by adding Subsection (c) to read as 
follows:
	(c)  An annual report filed with the department under this 
section must comply with Section 802.004.
	SECTION 9.  Section 942.201, Insurance Code, as effective 
June 1, 2003, is amended by adding Subsection (d) to read as 
follows:
	(d)  An annual report filed with the department under this 
section must comply with Section 802.004.
	SECTION 10.  Article 9.22, Insurance Code, is amended by 
adding Subsection (c) to read as follows:
	(c)  An annual statement filed with the department under this 
article must comply with Section 802.004.
	SECTION 11.  This Act takes effect immediately if it 
receives a vote of two-thirds of all the members elected to each 
house, as provided by Section 39, Article III, Texas Constitution.  
If this Act does not receive the vote necessary for immediate 
effect, this Act takes effect September 1, 2003.