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A BILL TO BE ENTITLED
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AN ACT
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relating to requirements for insurance agents offering windstorm |
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and hail insurance policies issued by the Texas Windstorm Insurance |
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Association. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter A, Chapter 2210, Insurance Code, is |
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amended by adding Section 2210.016 to read as follows: |
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Sec. 2210.016. AGENT REQUIREMENTS. (a) The association |
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may establish requirements that an agent must comply with to offer |
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or sell a Texas windstorm and hail insurance policy under this |
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chapter. |
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(b) The association may audit an agent who offers or sells |
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Texas windstorm and hail insurance policies under this chapter to |
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determine the agent's compliance with requirements established |
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under Subsection (a). If the association finds that an agent is not |
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in compliance with association requirements, the association may |
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take appropriate action to limit or prohibit the agent from |
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offering or selling a Texas windstorm and hail insurance policy |
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under this chapter until the agent complies with those |
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requirements. |
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(c) An agent who offers or sells Texas windstorm and hail |
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insurance policies under this chapter is not an agent of the |
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association. |
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SECTION 2. This Act takes effect September 1, 2023. |