Legislative Reference Library of Texas About the library Site Index
Legislative Reference Library of Texas
your partner in legislative research
Legislative Reference Library of Texas
your partner in legislative research

LRL Home - Legislation - Legislative archive system - Advanced search - Search results - Bill details

Bill details Help  |  Status

SB 815, 63rd Regular Session
Amending Subsection (b), Section 3; Subsection (d), Section 4; Subsection (a), Section 5, and adding a new Subsection (h) to Section 1, Chapter 213, Acts of the 54th Legislature, Regular Session, 1955 (Article 21.07-1, Vernon's Texas Insurance Code); providing for the payment of commissions to partnerships and to professional corporations whose shareholders are duly licensed as life insurance agents; prohibiting payments or distributions or acceptance of certain payments except in accordance with this Act; defining the word "person"; providing for certification that members of such corporations are primarily life insurance agents; providing necessary qualifications for persons to be licensed as insurance agents; providing penalties for violation of certain provisions; naming the classifications of those license holders who may participate in such a corporation; exempting certain partnerships and corporations from requirement of taking written examinations; providing for licensure of partnerships and corporations; repealing Article 21.05 of the Insurance Code and all other laws in conflict; and declaring an emergency.

Last action: Rules failed to suspend

Author: Oscar Mauzy

Corporations & Associations
Insurance--Insurers & Agents

House Committee: Insurance ()
Senate Committee: Economic Development ()
Minutes: April 16 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.