79R8080 BJM-D

By:  Wong                                                         H.R. No. 786



R E S O L U T I O N
	WHEREAS, The year 2005 is indeed a special milestone for Dr. 
Bill S. Chen of Houston, as it marks the 15th anniversary of New Era 
Life Insurance Companies, which he serves as president and chief 
executive officer; and
	WHEREAS, Dr. Chen purchased a Texas life insurance company 
charter with Don J. Wang, the company's current board chair, in 
1989, and one year later, New Era Life Insurance Company opened its 
doors to the public; and
	WHEREAS, Since its founding, the company has thrived, and, 
together with its two subsidiaries, conducts business today in 46 
states, employing and providing vital coverage for many Texans and 
citizens nationwide; and
	WHEREAS, New Era Life Insurance Companies is truly unique, as 
it combines the strengths of both western and eastern cultures, 
cultivating a corporate ethos founded on vision, creativity, 
communication, flexibility, cost-efficiency, teamwork, and family 
values; and
	WHEREAS, Dr. Chen has demonstrated outstanding leadership 
throughout his career; this Society of Actuaries Fellow has 33 
years of experience in senior management positions with large and 
small insurance companies, and he has been recognized in both Who's 
Who in America and Who's Who in Finance and Industry and awarded the 
prestigious Entrepreneur of the Year Award by Ernst & Young, 
Merrill Lynch, and Inc. Magazine; and
	WHEREAS, Dr. Bill Chen may reflect with pride on his 
accomplishments in the insurance industry, for his achievements 
have helped countless residents of the Lone Star State build 
financial freedom and security; now, therefore, be it
	RESOLVED, That the House of Representatives of the 79th Texas 
Legislature hereby congratulate Dr. Bill S. Chen for his success in 
business on the 15th anniversary of New Era Life Insurance 
Companies and commend him for his myriad efforts in behalf of his 
fellow Texans; and, be it further
	RESOLVED, That an official copy of this resolution be 
prepared for Dr. Chen as an expression of high regard by the Texas 
House of Representatives.