By: Nelson S.B. No. 637
A BILL TO BE ENTITLED
AN ACT
relating to elimination of the state payment for certain national
insurance database fees.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 802.055, Insurance Code, as effective
June 1, 2003, is amended to read as follows:
Sec. 802.055. COSTS PAID BY INSURANCE COMPANY. [(a)] An
insurance company shall pay all [the] costs of preparing and
furnishing to the National Association of Insurance Commissioners
the information required under Section 802.052, including any
related filing fees.
[(b) Except as provided by Subsection (a), costs relating to
providing the information required under Section 802.052 may not be
assessed against an insurance company.]
SECTION 2. This Act takes effect June 1, 2003, 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 effect on June
1, 2003, this Act takes effect September 1, 2003.