By: Watson S.B. No. 494

(In the Senate - Filed February 9, 2015; February 11, 2015, read first time and referred to Committee on Business and Commerce; March 23, 2015, reported adversely, with favorable Committee Substitute by the following vote: Yeas 9, Nays 0; March 23, 2015, sent to printer.) Click here to see the committee vote

COMMITTEE SUBSTITUTE FOR S.B. No. 494 By: Watson

A BILL TO BE ENTITLED

AN ACT

relating to the availability of certain property and casualty insurance forms on the Internet.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Section 1812.002, Insurance Code, is amended by adding Subsection (c) to read as follows:

(c) The office of public insurance counsel may post an insurer's specimen policy on the office's Internet website. The posting, other than a posting described by Subsection (a), of an insurer's specimen policy on an Internet website does not create a duty to comply with the requirements of this chapter.

SECTION 2. 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, 2015.

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