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H.C.R. No. 237
HOUSE CONCURRENT RESOLUTION
WHEREAS, Jose Montemayor, who is retiring as Texas insurance
commissioner on May 31, 2005, after six years in that office, has
rendered exceptional service to the citizens of this state; and
WHEREAS, Mr. Montemayor joined the Texas Department of
Insurance in 1993; he served two years as director of Insurer
Services and four years as associate commissioner for the Financial
Program, overseeing the licensing, solvency, and market conduct of
more than 2,000 insurers and health maintenance organizations doing
business in Texas; and
WHEREAS, The first Hispanic insurance commissioner in Texas,
Mr. Montemayor was appointed to that office by then Governor George
Bush and appointed to two additional terms by Governor Rick Perry;
during his tenure as the chief regulator for the insurance
industry, Mr. Montemayor launched the $130 million per year Texas
FAIR plan, which provides for residential property insurance for
qualified consumers who are having difficulty obtaining coverage,
and worked with the Texas Legislature to modernize insurance
regulation and address skyrocketing increases in medical
malpractice premiums; and
WHEREAS, In addition, Mr. Montemayor created protocols both
for the early identification of companies at risk for insolvency
and for intervening in such cases; he is credited with many
successful company rehabilitation interventions, as well as with
improving consumer protection in every line of insurance; and
WHEREAS, Widely respected in the insurance industry, this
esteemed Texan has chaired the North American Free Trade Agreement
tri-national group, composed of industry members and regulators
from the U.S., Canada, and Mexico; moreover, he has served as
chairman of the Property and Casualty Committee of the National
Association of Insurance Commissioners (NAIC), as head of the NAIC
Examination Oversight Task Force, and as chairman of the NAIC's
holding company group; and
WHEREAS, Before joining the Texas Department of Insurance,
Mr. Montemayor served for more than 20 years in the United States
Air Force; he enlisted in 1969 and became an officer and ICBM combat
crew commander in 1978; he later served in the Peacekeeper and
Minuteman ICBM programs and in the Air Force Security Assistance
program in Latin America before retiring in 1993 with the rank of
major; and
WHEREAS, A native of Brownsville, Mr. Montemayor received a
bachelor's degree in 1975 from St. Edward's University; he also
holds a master of arts degree in administration from Webster
University, a master's degree in logistics management from the Air
Force Institute of Technology, and a master of accountancy degree
from Texas State University-San Marcos; in 1988 he was a Kellogg
Foundation fellow; and
WHEREAS, Jose Montemayor has given unstintingly of his
talents and efforts in behalf of the State of Texas, and his
unwavering commitment to the duties of his office has reflected
government service at its finest; now, therefore, be it
RESOLVED, That the 79th Legislature of the State of Texas
hereby honor Jose Montemayor for his exemplary service as Texas
insurance commissioner and extend to him sincere appreciation for
his immeasurable contributions to the Lone Star State; and, be it
further
RESOLVED, That an official copy of this resolution be
prepared for Mr. Montemayor as an expression of high regard by the
Texas House of Representatives and Senate.
Gallego
Moreno of El Paso
______________________________ ______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 237 was passed by the House on May 30,
2005, by a non-record vote.
______________________________
Chief Clerk of the House
I certify that H.B. No. 237 was passed by the Senate on May
30, 2005, by a viva-voce vote.
______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor