Bill Text: TX SB2232 | 2023-2024 | 88th Legislature | Engrossed

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relating to requirements for insurance agents offering windstorm and hail insurance policies issued by the Texas Windstorm Insurance Association.

Spectrum: Bipartisan Bill

Status: (Passed) 2023-05-15 - Effective on 9/1/23 [SB2232 Detail]

Download: Texas-2023-SB2232-Engrossed.html

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By: LaMantia, Hinojosa S.B. No. 2232

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