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A BILL TO BE ENTITLED
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AN ACT
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relating to the appointment by insurers, health maintenance |
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organizations, and their agents of holders of a temporary agent's |
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license. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 4001.162, Insurance Code, is amended to |
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read as follows: |
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Sec. 4001.162. RESTRICTION ON APPOINTMENT OF TEMPORARY |
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LICENSE HOLDERS. (a) Except as provided by Subsection (b), an [An] |
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agent, insurer, or health maintenance organization may not appoint |
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more than 500 temporary license holders during a calendar year. |
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(b) The commissioner shall adopt reasonable rules setting |
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standards for an agent, insurer, or health maintenance organization |
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to appoint more than 500 temporary license holders during a |
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calendar year. The standards must include consideration of the |
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ability of an agent, insurer, or health maintenance organization to |
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monitor appointed temporary agents. |
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SECTION 2. This Act takes effect September 1, 2015. |