Bill Text: TX HB2165 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to the qualifications of certain nonresident individuals to hold a surplus lines agent license.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2013-04-23 - Left pending in committee [HB2165 Detail]
Download: Texas-2013-HB2165-Introduced.html
83R6750 SCL-F | ||
By: Eiland | H.B. No. 2165 |
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relating to the qualifications of certain nonresident individuals | ||
to hold a surplus lines agent license. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 981.203, Insurance Code, is amended by | ||
adding Subsection (a-1) to read as follows: | ||
(a-1) Notwithstanding Subsection (a)(1)(B), an individual | ||
is not required to obtain a general property and casualty or a | ||
managing general agent license to hold a surplus lines agent | ||
license if: | ||
(1) the individual is a nonresident of this state; | ||
(2) the individual is licensed as a surplus lines | ||
agent in the individual's state of residence; | ||
(3) the individual is not required by the individual's | ||
state of residence to hold a general property and casualty license | ||
to become licensed as a surplus lines agent; | ||
(4) the individual has provided information | ||
acceptable to the commissioner that the individual's state of | ||
residence does not require a property and casualty agent license | ||
for a surplus lines agent license; | ||
(5) the individual's state of residence does not | ||
require a surplus lines agent to search for the availability of | ||
insurance in the individual's state of residence before the | ||
insurance is placed through a surplus lines agent; | ||
(6) the individual's state of residence allows a | ||
licensed general property and casualty agent to search for the | ||
availability of insurance in the individual's state of residence; | ||
and | ||
(7) the individual has a professional relationship | ||
with a person who: | ||
(A) is a licensed general property and casualty | ||
agent; and | ||
(B) searches for the availability of insurance in | ||
this state before the insurance is placed through a surplus lines | ||
agent. | ||
SECTION 2. The change in law made by this Act applies to a | ||
license application submitted on or after the effective date of | ||
this Act. A license application submitted before the effective | ||
date of this Act is governed by the law in effect immediately before | ||
the effective date of this Act, and that law is continued in effect | ||
for that purpose. | ||
SECTION 3. This Act takes effect September 1, 2013. |