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By: Paul (Senate Sponsor - Creighton) |
H.B. No. 1197 |
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(In the Senate - Received from the House March 20, 2017; |
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April 12, 2017, read first time and referred to Committee on |
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Business & Commerce; May 9, 2017, reported favorably by the |
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following vote: Yeas 5, Nays 0; May 9, 2017, sent to printer.) |
| Click here to see the committee vote |
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A BILL TO BE ENTITLED
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AN ACT
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relating to the training period for a temporary insurance 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 4001.160(a), Insurance Code, is amended |
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to read as follows: |
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(a) An agent, insurer, or health maintenance organization |
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that is considering appointment of a temporary license applicant as |
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its agent shall provide at least 40 hours of training to the |
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applicant not later than the 30th [14th] day after the date the |
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application, nonrefundable fee, and certificate are delivered or |
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mailed to the department. |
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SECTION 2. Section 4001.160(a), Insurance Code, as amended |
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by this Act, applies only with respect to an applicant for a |
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temporary license whose application is delivered or mailed to the |
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Texas Department of Insurance on or after the effective date of this |
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Act. With respect to an applicant whose application is delivered or |
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mailed before that date, an agent, insurer, or health maintenance |
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organization is governed by the law as it existed immediately |
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before the effective date of this Act, and that law is continued in |
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effect for that purpose. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2017. |
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* * * * * |