CHAPTER 1801. PROPERTY AND CASUALTY INSURANCE LEGISLATIVE OVERSIGHT COMMITTEE
INSURANCE CODE
TITLE 10. PROPERTY AND CASUALTY INSURANCE
SUBTITLE A. GENERAL PROVISIONS
CHAPTER 1801. PROPERTY AND CASUALTY INSURANCE LEGISLATIVE
OVERSIGHT COMMITTEE
SUBCHAPTER A. GENERAL PROVISIONS
Sec. 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
Sec. 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.
Sec. 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.
Sec. 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.
Sec. 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.