Bill Text: TX HB4322 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to prohibited employment of certain former commissioners of insurance and employees of the Texas Department of Insurance; creating an offense.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2019-04-08 - No action taken in committee [HB4322 Detail]
Download: Texas-2019-HB4322-Introduced.html
86R13214 PMO-D | ||
By: Davis of Dallas | H.B. No. 4322 |
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relating to prohibited employment of certain former commissioners | ||
of insurance and employees of the Texas Department of Insurance; | ||
creating an offense. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Chapter 33, Insurance Code, is amended by adding | ||
Section 33.008 to read as follows: | ||
Sec. 33.008. PROHIBITED EMPLOYMENT. (a) An individual who | ||
served as commissioner or an employee of the department commits an | ||
offense if, before the second anniversary of the date the | ||
individual ceases to serve, the individual is employed by or under | ||
contract with: | ||
(1) a company regulated by the department; | ||
(2) an affiliate of a company regulated by the | ||
department; | ||
(3) an individual or entity representing a company | ||
regulated by the department; or | ||
(4) an association of which a company regulated by the | ||
department is a member. | ||
(b) An offense under this section is a Class A misdemeanor. | ||
SECTION 2. Section 33.008, Insurance Code, as added by this | ||
Act, applies only to an individual who ceases to serve the Texas | ||
Department of Insurance on or after the effective date of this Act. | ||
SECTION 3. This Act takes effect September 1, 2019. |