Bill Text: TX SB2121 | 2019-2020 | 86th Legislature | Introduced

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Bill Title: Relating to requiring certain risk pools to conduct own risk and solvency assessments.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2019-03-21 - Referred to Business & Commerce [SB2121 Detail]

Download: Texas-2019-SB2121-Introduced.html

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2019S0306-1 03/01/19
By: Kolkhorst S.B. No. 2121

A BILL TO BE ENTITLED
AN ACT
relating to requiring certain risk pools to conduct own risk and
solvency assessments.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 830.002(3), Insurance Code, is amended
to read as follows:
(3) "Insurer" means:
(A) an insurer, as that term is defined [has the
meaning assigned] by Section 823.002(6); or
(B) a risk pool created under Chapter 172, Local
Government Code.
SECTION 2. Section 830.006, Insurance Code, is amended by
adding Subsection (a-1) to read as follows:
(a-1) Notwithstanding Subsection (a), a risk pool created
under Chapter 172, Local Government Code, is subject to the
requirements of this chapter regardless of the amount of annual
direct written and unaffiliated assumed premium the risk pool has.
SECTION 3. Section 172.014, Local Government Code, is
amended to read as follows:
Sec. 172.014. APPLICATION OF CERTAIN LAWS. (a) A risk
pool created under this chapter is not insurance or an insurer under
the Insurance Code and other laws of this state, and, except as
provided by Subsection (b), the commissioner of insurance and Texas
Department of Insurance do [the State Board of Insurance does] not
have jurisdiction over a pool created under this chapter.
(b) A risk pool created under this chapter is subject to
Chapter 830, Insurance Code.
SECTION 4. This Act takes effect September 1, 2019.