Texas Insurance Code

§ 36.007 — RULES RELATING TO AGREEMENTS LIMITING STATE AUTHORITY TO REGULATE INSURANCE PROHIBITED; EFFECT OF AGREEMENT

IN § 36.007Title 2. TEXAS DEPARTMENT OF INSURANCE · Part A. ADMINISTRATION OF THE TEXAS DEPARTMENT OF INSURANCE · Ch. 36. DEPARTMENT RULES AND PROCEDURES · Art. A. RULES

Statute text

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(a)The commissioner may not adopt or enforce a rule that implements an interstate, national, or international agreement that:

(1)infringes on the authority of this state to regulate the business of insurance in this state; and

(2)was not approved by the legislature.

(b)An agreement described by Subsection (a) has no effect on the authority of this state to regulate the business of insurance in this state unless the agreement is approved by the legislature.

Legislative history

Added by Acts 2017, 85th Leg., R.S., Ch. 752 (S.B. 1450), Sec. 2, eff. September 1, 2017.