Amend HB 2565 (Senate committee printing) by striking SECTION
2 of the bill (page 1, lines 33-42) and substituting the following:
SECTION 2. Article 5.20, Insurance Code, is amended by
amending Subsections (a) and (d) to read as follows:
(a) Except as provided by this article, no insurer or
employee thereof, and no broker or agent shall knowingly issue any
policy of insurance nor charge, demand or receive a premium thereon
except in accordance with the applicable filing [which has been
approved by the commissioner]. No insurer or employee thereof, and
no broker or agent shall pay, allow or give, or offer to pay, allow,
or give, directly or indirectly, as an inducement to insurance, or
after insurance has been effected, any rebate, discount, abatement,
credit or reduction of the premium named in a policy of insurance,
or any special favor or advantage in the dividends or other benefits
to accrue thereon, or any valuable consideration or inducement
whatever, not specified in the policy of insurance, except to the
extent provided for in such applicable filing. No insured named in
a policy of insurance, nor any employee of such insured shall
knowingly receive or accept, directly or indirectly, any such
rebate, discount, abatements, or reduction of premium, or any
special favor or advantage or valuable consideration or inducement.
(d) As used in this article:
(1) "Insurance" [the word "insurance"] includes
suretyship.
(2) "Insurer" means an insurance company or other
legal entity described by Subsection (a), Article 5.13, of this
code.
(3) "Policy" [, and the word "policy"] includes a
bond.