By: Sanford (Senate Sponsor - Paxton) H.B. No. 4153
         (In the Senate - Received from the House May 10, 2021;
  May 12, 2021, read first time and referred to Committee on Business &
  Commerce; May 20, 2021, reported favorably by the following vote:  
  Yeas 8, Nays 0, one present not voting; May 20, 2021, sent to
  printer.)
Click here to see the committee vote
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to the filing of an annual audit report by a title
  insurance company, title insurance agent, or direct operation.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 2651.151(b), Insurance Code, is amended
  to read as follows:
         (b)  Not later than the 90th day after the date of the end of
  the agent's or direct operation's fiscal year, the agent or direct
  operation shall file with [send by certified mail, postage prepaid,
  to] the department one copy of the audit report with a transmittal
  letter. The agent shall also send a copy of the audit report and
  transmittal letter to each title insurance company that the agent
  represents.
         SECTION 2.  Section 2651.152(b), Insurance Code, is amended
  to read as follows:
         (b)  Not later than the 90th day after the date of the end of
  the title insurance company's fiscal year, the company shall file
  with [send by certified mail, postage prepaid, to] the department
  one copy of the audit report.
         SECTION 3.  This Act takes effect September 1, 2021.
 
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