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Amend CSHB 3271 (Senate committee printing) as follows:
(1) In SECTION 1 of the bill, in amended Section 2703.153,
Insurance Code, strike added Subsections (c) and (d) of that
section (page 1, lines 26-46) and substitute the following:
(c) If the department requires a title insurance company or
title insurance agent to include new or different information in
the statistical report, that information may be considered by the
commissioner in fixing premium rates if the information collected
is reasonably credible for the purposes for which the information
is to be used.
(d) A title insurance company or a title insurance agent
aggrieved by a department requirement concerning the submission of
information may bring a suit in a district court in Travis County
alleging that the request for information:
(1) is unduly burdensome; or
(2) is not a request for information material to
fixing and promulgating premium rates or another matter that may be
the subject of the biennial hearing and is not a request reasonably
designed to lead to the discovery of that information.
(2) In SECTION 1 of the bill, in amended Section 2703.153,
Insurance Code, strike added Subsections (f) and (g) of that
section (page 1, lines 55-61) and substitute the following:
(f) A title insurance company or title insurance agent must
bring suit under Subsection (d) not later than the 30th day after
the date the company or agent receives the request for information
from the department.
(g) This section may not be construed to limit the
department's authority to request information under Section 38.001
or other applicable provisions of this code.
(3) In SECTION 2 of the bill, in amended Section 2703.204,
Insurance Code, strike added Subsections (b), (c), (d), and (e) of
that section (page 2, lines 14-32) and substitute the following:
(b) A party to the ratemaking phase of the biennial hearing
may request that the commissioner remove any other party to the
ratemaking phase of the hearing on the grounds that the other party
does not have a substantial interest in title insurance. A decision
of the commission to deny or grant the request is final and subject
to appeal in accordance with Section 36.202.