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HB 1691, 63rd R.S.
Amending Chapter Three of the Insurance Code (Chapter 491, Acts of the 55th Legislature, Regular Session, 1957, as amended) controlling the operation of life, health and accident insurance companies in this State by adding thereto new articles relating to the issuance of certificates of authority to foreign insurance companies and to the authority of the Commissioner of Insurance to issue orders designed to rectify an existing hazardous financial condition of any insurance company and the State Board of Insurance by rule and regulations to prescribe standards for evaluating financial condition consistent with the purposes expressed and orders authorized; providing for severability; and declaring an emergency.

Last action: Signed by the Governor

Author: Ben Bynum
Sponsor: Grant Jones

Session Law Chapter:
Acts 1973, 63rd R.S.,ch. 533, General and Special Laws of Texas

Subjects:
Insurance--Insurers & Agents
Insurance--Life, Health & Accident

House Committee: Insurance ()
Minutes: May 8 1973
Senate Committee: Economic Development ()


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