HB 1692, 63rd R.S.
To amend Chapter 21 of the Insurance Code of Texas (Acts 1951, 52nd Legislature, Chapter 491, page 868), as the same has been heretofore amended, by adding thereto a new article to be identified as Article 21.28-D and to be known and cited as the Life, Accident, Health and Hospital Service Insurance Guaranty Association Act; declaring purpose and scope; providing for liberal construction; defining terms; creating the Life, Accident, Health and Hospital Service Insurance Guaranty Association; providing for assessments; providing a plan of operation; prescribing the powers and duties of the Commissioner; authorizing procedures for the prevention of impairments; requiring certain procedures in particular situations; providing for examination by and annual reports to the Commissioner; exempting the Association fro specifying certain judicial procedures; providing for tax write-offs of certificates of contribution; repealing all laws or parts of laws in conflict to the extent of such conflict; providing for severability; and declaring an emergency.
Last action: Referred to Committee on Insurance
Author: Ben Bynum
Subjects:
Insurance--Insurers & Agents
Insurance--Life, Health & Accident
LIFE, ACCIDENT, HEALTH, & HOSPITAL SERVICE INSURANCE GUARANTY ASSOCIATION ACT
House Committee: Insurance ()
Minutes:
May 8 1973 | May 11 1973
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