By: Taylor of Galveston  S.B. No. 1450
         (In the Senate - Filed March 8, 2017; March 20, 2017, read
  first time and referred to Committee on Business & Commerce;
  April 24, 2017, reported favorably by the following vote:  Yeas 9,
  Nays 0; April 24, 2017, sent to printer.)
Click here to see the committee vote
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to the rulemaking authority of the commissioner of
  insurance with respect to certain agreements and the effect of
  those agreements on this state's authority to regulate insurance.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subchapter A, Chapter 36, Insurance Code, is
  amended by adding Section 36.007 to read as follows:
         Sec. 36.007.  RULES RELATING TO AGREEMENTS LIMITING STATE
  AUTHORITY TO REGULATE INSURANCE PROHIBITED; EFFECT OF AGREEMENT.
  (a)  The commissioner may not adopt or enforce a rule that
  implements an interstate, national, or international agreement
  that:
               (1)  infringes on the authority of this state to
  regulate the business of insurance in this state; and
               (2)  was not approved by the legislature.
         (b)  An agreement described by Subsection (a) has no effect
  on the authority of this state to regulate the business of insurance
  in this state unless the agreement is approved by the legislature.
         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, 2017.
 
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