SB 659, 63rd R.S.
Amending the Insurance Code (Chapter 491, Acts of the 52nd Legislature, Regular Session, 1951), as heretofore amended, to clarify the Texas Catastrophe Property Insurance Pool Act, making all property insurers authorized to transact property insurance in this state subject to the provisions thereof by adding to Section 3 of Article 21.49 a definition of "insurers," specifically providing for applicability to Lloyds and to reciprocal or interinsurance exchanges and by amending Article 17.22 to make county mutual insurance companies subject to the provisions of the Texas Catastrophe Property Insurance Pool Act; amending section 5 (c) of Article 21.49 to delete certain language excluding premiums on certain property from the formula under which members of the Association participate in its writings, expenses, profits and losses, to change the word "years" to the word "year," and to provide that members having common ownership or control shall be treated as a single member for the purpose of determining participation; deleting in its entirety Paragraph (d) of Section 8 of Article 21.49 to make the establishment of a certain catastrophe reserve by the State Board of Insurance discretionary rather than mandatory; providing for severability.
Chamber | Action | Comments | ↓ Date ↑ |
S | Read first time | 03/09/1973 | |
S | Referred to Committee on Economic Development | 03/09/1973 | |
S | Committee hearing date | 04/02/1973 | |
S | Reported favorably as amended | 04/02/1973 | |
S | Laid before Senate | 04/12/1973 | |
S | Amendments | 04/12/1973 | |
S | Passed to engrossment as amended | 04/12/1973 | |
S | Passed | 04/12/1973 | |
S | Sent to House | 04/12/1973 | |
H | Received from the Senate | 04/12/1973 | |
H | Read first time | 04/13/1973 | |
H | Referred to Committee on Insurance | 04/13/1973 | |
H | Considered in public hearing | 04/17/1973 | |
H | Reported favorably | 04/17/1973 | |
H | Amended in committee | 04/17/1973 | |
H | Sent to Calendar Committee | 04/25/1973 | |
H | Read second time | 05/05/1973 | |
H | Amendments | 05/05/1973 | |
H | Passed to third reading | 05/05/1973 | |
H | Votes recorded | 05/05/1973 | |
H | Read third time | 05/05/1973 | |
H | Passed | 05/05/1973 | |
H | Votes recorded | 05/05/1973 | |
S | House passage as amended reported | 05/07/1973 | |
S | Concurred in House amendments | 05/26/1973 | |
H | Concurrence in House amendments by Senate reported | 05/26/1973 | |
S | Signed | 05/28/1973 | |
H | Signed | 05/28/1973 | |
S | Sent to Governor | 05/28/1973 | |
S | Signed by Governor | 06/14/1973 | |
S | 90 Day Bill | 06/14/1973 |
The Legislative Archive System is a work in progress. Complete information is not available for all bills and all sessions. Visit the Legislative Archive System status page for details. Please contact the Legislative Reference Library at 512-463-1252 if you have any questions.
Information on this website is provided as a public service by the Legislative Reference Library. The Legislative Reference Library makes no representation as to its completeness or accuracy and makes no warranty in regard to its use. Users assume all risk of reliance on the information included on this site.