88R7376 CJD-F
 
  By: Smithee H.B. No. 1901
 
 
 
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, 2023.