84R2388 PMO-F | ||
By: Clardy | H.B. No. 1544 |
|
||
|
||
relating to actuarial certification of title insurance company | ||
reserves. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 2551.256(c), Insurance Code, is amended | ||
to read as follows: | ||
(c) The reserves analyzed under this section must include | ||
reserves for known claims[ |
||
|
||
SECTION 2. The change in law made by this Act applies only | ||
to an insurer's annual statement required under Section 2551.152, | ||
Insurance Code, on or after January 1, 2016. A statement required | ||
before January 1, 2016, is governed by the law as it existed | ||
immediately before the effective date of this Act, and that law is | ||
continued in effect for that purpose. | ||
SECTION 3. This Act takes effect September 1, 2015. |