81st Texas Legislature, Senate Bill 778, Chapter 36 Page: 2 of 22
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S.B. No. 778
1 SECTION 2. Subsection (b), Section 1304.003, Occupations
2 Code, is amended to read as follows:
3 (b) A service contract may also provide for:
4 (1) incidental payment or indemnity under limited
5 circumstances, including towing, rental, and emergency road
6 service; [-]J
7 (2) the repair or replacement of a product for damage
8 resulting from a power surge or for accidental damage incurred in
9 handling the product; or
10 (3) identity recovery, as defined by Section 1306.002,
11 if the service contract is financed under Chapter 348, Finance
12 Code.
13 SECTION 3. Title 8, Occupations Code, is amended by adding
14 Chapter 1306 to read as follows:
15 CHAPTER 1306. IDENTITY RECOVERY SERVICE CONTRACT PROVIDERS AND
16 ADMINISTRATORS
17 SUBCHAPTER A. GENERAL PROVISIONS
18 Sec. 1306.001. SHORT TITLE. This chapter may be cited as
19 the Identity Recovery Service Contract Regulatory Act.
20 Sec. 1306.002. DEFINITIONS. In this chapter:
21 (1) "Administrator" means a person, other than the
22 provider of the identity recovery service contract or an employee
23 of the provider, who is responsible for the third-party
24 administration of an identity recovery service contract.
25 ( 2 ) "Commission" means the Texas Commission of
26 Licensing and Regulation.
27 (3) "Consumer" means an individual who, for a purpose2
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Texas. Legislature. Senate. 81st Texas Legislature, Senate Bill 778, Chapter 36, legislative document, May 13, 2009; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth149762/m1/2/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.