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HB 1359, 63rd R.S.
Amending the provisions of the Insurance Code of the State of Texas; providing for the inclusion of certain insurers under the provisions of this Act; defining the word "insurer" as used in this Act; deleting certain language excluding premiums on certain property from the formula under which members of the Association participate on its writings, expenses, profits and losses; changing the word "years" to the word "year"; deleting in its entirety the paragraph dealing with the ceding of reinsurance to the Association by its membership; providing that the establishment of a certain catastrophe reserve by the State Board of Insurance is discretionary rather than mandatory; providing for severability.

Last action: Committee hearing date

Author: Leroy J. Wieting

Subjects:
Insurance--Insurers & Agents

House Committee: Insurance () Minutes: March 27 1973 | April 17 1973


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