MINUTES

 

SENATE COMMITTEE ON STATE AFFAIRS

Tuesday, February 23, 2010

9:00 a.m.

Capitol Extension, Room E1.036

 

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Pursuant to a notice posted in accordance with Senate Rule 11.18, a public hearing of the Senate Committee on State Affairs was held on Tuesday, February 23, 2010, in the Capitol Extension, Room E1.036, at Austin, Texas.

 

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MEMBERS PRESENT:		MEMBERS ABSENT:
Senator Robert Duncan Senator Bob Deuell Senator Rodney Ellis Senator Mike Jackson Senator Eddie Lucio, Jr.		Senator John Carona Senator Troy Fraser Senator Chris Harris Senator Leticia Van de Putte

 

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The chair called the meeting to order at 9:05 a.m.  The following business was transacted: 

 

The Committee heard invited and public testimony regarding the Interim Charge #7:  Study the transparency of organizational structures, policies and coverage associated with health insurance underwriters/agents and the relationship between underwriters/agents and policyholders. Witnesses testifying and registering on the bill are shown on the attached list.  

 

Senator Lucio, Jr. assumed the chair.  

 

Senator Duncan resumed the chair. 

 

Senator Deuell assumed the chair. 

 

Senator Duncan resumed the chair.

 

The chair moved that the public testimony be closed; without objection, it was so ordered.

At 11:40 a.m. Senator Duncan moved that the committee stand recessed until 11:50 a.m; without objection, it was so ordered. 

 

At 11:50 a.m. the committee reconvened.

The Committee heard invited and public testimony regarding Interim Charge #8:  Study the sale of annuities in Texas, particularly to seniors. Evaluate the requirements relating to rescission of an annuity contract, payment of surrender fees, return of money, contract forms, including a standard contract form, buyer's guide, agent's commission and disclosure of an agent's commission. Make recommendations for legislation, if needed, and consider whether the insurance commissioner by rule may limit an agent's commission. Witnesses testifying and registering on the bill are shown on the attached list. 

 

The chair moved that the public testimony be closed; without objection, it was so ordered.

 

There being no further business, at 1:50 p.m. Senator Duncan moved that the Committee stand recessed subject to the call of the chair.  Without objection, it was so ordered. 

 

 

 

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Senator Robert Duncan, Chair

 

 

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Erin Fry, Clerk