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A BILL TO BE ENTITLED
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AN ACT
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relating to the rulemaking authority of the commissioner of |
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insurance with respect to certain agreements and the effect of |
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those agreements on this state's authority to regulate insurance. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter A, Chapter 36, Insurance Code, is |
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amended by adding Section 36.007 to read as follows: |
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Sec. 36.007. RULES RELATING TO AGREEMENTS LIMITING STATE |
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AUTHORITY TO REGULATE INSURANCE PROHIBITED; EFFECT OF AGREEMENT. |
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(a) The commissioner may not adopt or enforce a rule that |
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implements an interstate, national, or international agreement |
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that: |
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(1) infringes on the authority of this state to |
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regulate the business of insurance in this state; and |
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(2) was not approved by the legislature. |
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(b) An agreement described by Subsection (a) has no effect |
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on the authority of this state to regulate the business of insurance |
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in this state unless the agreement is approved by the legislature. |
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SECTION 2. 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. |