By: Deuell  S.B. No. 147
         (In the Senate - Filed December 17, 2012; January 29, 2013,
  read first time and referred to Committee on Business and Commerce;
  February 5, 2013, reported favorably by the following vote:  
  Yeas 8, Nays 0; February 5, 2013, sent to printer.)
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to the amount of outstanding total liability of a mortgage
  guaranty insurer.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subsection (b), Section 3502.156, Insurance
  Code, is amended to read as follows:
         (b)  [A mortgage guaranty insurer shall compute the
  insurer's liability for the purposes of this section on the basis of
  the insurer's liability under the election as provided by Section
  3502.158.] An insurer shall compute the insurer's liability for
  leases on the basis of the insurer's liability as determined by the
  department.
         SECTION 2.  Section 3502.158, Insurance Code, is repealed.
         SECTION 3.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2013.
 
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