Journal of the House of Representatives of the Sixty-Fifth Legislature of the State of Texas, Volume 3 Page: 4,186
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65th LEGISLATURE- REGULAR SESSION
"(4) It shall be the duty of the [ife] Insurance Commissioner to investigate
the manner and method of instruction and examination of each combination and
industrial insurer as often as deemed necessary by the Commissioner and the Com-
missioner may, in his discretion, withdraw from any insurer the privilege of examin-
ing agents in lieu of the examination administered by the Commissioner pursuant to
Sub-section (a) of this Section 5.
"(5) The license to act as a life insurance agent issued to an applicant pursu-
ant to the provisions of this Sub-section (d) shall be stamped COMBINATION OR
INDUSTRIAL LICENSE on its face and shall automatically expire and be of no
further force and effect when the holder ceases to act as a combination or industrial
agent for a combination or industrial company."
Sec. 9. Subsections (c) and (e), Section 9, Chapter 213, Acts of the 54th Legis-
lature, Regular Session, 1955, as amended (Article 21.07-1, Vernon's Texas Insur-
ance Code), are amended to read as follows:
"(c) Each request for renewal of license shall show whether the agent devotes
all or part of his or its efforts to acting as a life insurance agent, and if part only,
how much time he or it devotes to such work."
"(e) The appointment or appointments given under Section 4 or Section 8 of
this Act authorizing the agents to act as a life insurance agent for a legal reserve life
insurance company or companies, shall continue in full force and effect, without the
necessity of renewal, until terminated and withdrawn by the companies in accord-
ance with Section 11 of this Act, or otherwise terminated in accordance with this
Act, and each renewal license issued to the agent shall authorize him or it to repre-
sent and act for the companies for which he or it holds an appointment until the
appointment is so terminated, and the agent shall prima facie be deemed, for the
purpose of this Article, to be the agent of the appointing companies, provided that
on or before April 1st of each and every calendar year, commencing on or before
April 1, 1968, each such company so appointing such life insurance agent shall file
with the Commissioner a certificate, upon forms promulgated by the Commissioner,
certifying that such legal reserve life insurance company desires to continue the
appointment of such life insurance agent, and if such company shall for any reason
fail to file such certificate for any year as relates to such agent, it shall be deemed
and considered for all purposes that such company has terminated the appointment
of such life insurance agent in like manner as if compliance has been made by such
company with Section 11 of this Act."
Sec. 10. The importance of this legislation and the crowded condition of the
calendars in both Houses create an emergency and an imperative public necessity
that the constitutional rule requiring bills to be read on three several days in each
House be suspended, and this rule is hereby suspended, and that this Act take effect
and be in force from and after its passage, and it is so enacted.
Representative Cartwright moved to suspend all necessary rules and to adopt
the conference committee report on HB 712.
The motion prevailed without objection.
MESSAGE FROM THE SENATE
Austin, Texas, May 26, 1977
Honorable Bill Clayton
Speaker of the House of Representatives4186
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Texas. Legislature. House of Representatives. Journal of the House of Representatives of the Sixty-Fifth Legislature of the State of Texas, Volume 3, legislative document, 1977; (https://texashistory.unt.edu/ark:/67531/metapth123823/m1/28/: accessed May 6, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.