Law:Title 10. Property And Casualty Insurance (Texas)

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Subtitle A. General Provisions

Contents

Chapter 1801. Property And Casualty Insurance Legislative Oversight Committee

Subchapter A. General Provisions

Section 1801.001.  Definition.

In this chapter, "committee" means the property and casualty insurance legislative oversight committee.

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. April 1, 2007.



Subchapter B. Legislative Oversight Committee

Section 1801.051.  Composition Of Committee.

(a) The property and casualty insurance legislative oversight committee is composed of seven members as follows:

(1)  the chair of the Senate Business and Commerce Committee and the chair of the House Committee on Insurance, who shall serve as joint presiding officers of the committee;

(2)  two members of the senate appointed by the lieutenant governor;

(3)  two members of the house of representatives appointed by the speaker of the house of representatives; and

(4)  the public insurance counsel.

(b)  An appointed member of the committee serves at the pleasure of the appointing official.

(c)  In making appointments to the committee, the appointing officials shall attempt to appoint persons who represent the gender composition, minority populations, and geographic regions of this state.

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. April 1, 2007.



Section 1801.052.  Meetings.

The committee shall meet with the commissioner at least annually.

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. April 1, 2007.



Section 1801.053.  Powers And Duties Of Committee.

(a) The committee shall:

(1)  receive information about rules proposed by the department relating to property and casualty insurance and may submit comments to the commissioner on the proposed rules;

(2)  monitor the progress of property and casualty insurance regulation reform, including:

(A)  the fairness of rates, underwriting guidelines, and rating manuals;

(B)  the availability of coverage; and

(C)  the effect of rate rollbacks, credit scoring, and regulation of homeowners and automobile insurance markets;

(3)  review recommendations for legislation proposed by the department; and

(4)  review the necessity of having the department periodically examine the market conduct of an insurer or group of insurers, including the insurer's or group's:

(A)  business practices;

(B)  performance; and

(C)  operations.

(b)  The committee may request reports and other information from the department as necessary to implement this chapter.

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. April 1, 2007.



Section 1801.054.  Report.

(a) Not later than November 15 of each even-numbered year, the committee shall report on the committee's activities under Sections 1801.052 and 1801.053(a) to:

(1)  the governor;

(2)  the lieutenant governor; and

(3)  the speaker of the house of representatives.

(b)  The report must include:

(1)  an analysis of any problems caused by property and casualty insurance regulation reform; and

(2)  recommendations of any legislative action necessary to address those problems and to foster stability, availability, and competition within the property and casualty insurance industry.

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. April 1, 2007.

Chapter 1802. Property And Casualty Insurance Initiatives Task Force

Section 1802.001.  Property And Casualty Insurance Initiatives Task Force.

(a) The commissioner may establish a task force to study the utility and feasibility of instituting various property and casualty insurance initiatives in this state.

(b)  The initiatives studied may include:

(1)  possible coordination with:

(A)  the Texas Economic Development Bank to make certain property and casualty insurance an enterprise zone program under Chapter 2303, Government Code; and

(B)  Neighborhood Housing Service (NHS) programs to establish voluntary NHS-Insurance Industry Partnerships;

(2)  possible insurance agent programs to increase minority agency access to standard insurance companies, including minority intern programs with insurance companies;

(3)  possible tax incentives for insurance written in underserved areas; and

(4)  a consumer education program designed to increase the ability of consumers to differentiate among different products and providers in the property and casualty insurance market.

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. April 1, 2007.


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