79th Texas Legislature, Regular Session, House Bill 1286, Chapter 63 Page: 1 of 11
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H. B. No. 1286
1 AN ACT
2 relating to the regulation of service contract providers and
4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
5 SECTION 1. The heading to Chapter 1304, Occupations Code,
6 is amended to read as follows:
7 CHAPTER 1304. SERVICE CONTRACT PROVIDERS AND ADMINISTRATORS
8 SECTION 2. Section 1304.002 (1) , Occupations Code, is
9 amended to read as follows:
10 (1) "Administrator" means a [-he] person, other than
11 the provider of the service contract or an employee of the provider,
12 who is responsible for the third-party administration of a service
13 contract. [W -eron reponsiblef:or.aFilin4
14 requid- ]" ch" apter ]
15 SECTION 3. Subchapter A, Chapter 1304, Occupations Code, is
16 amended by adding Section 1304.0035 to read as follows:
17 Sec. 1304.0035. CONTROLLING PERSON. (a) In this chapter,
18 "controlling person" means an individual who:
19 (1) possesses direct or indirect control of at least
20 25 percent of the voting securities of a corporation;
21 (2) possesses the authority to set policy and direct
22 the management of a business entity;
23 (3) is the president, the secretary, or a director of a
24 corporation; or
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Texas. Legislature. House of Representatives. 79th Texas Legislature, Regular Session, House Bill 1286, Chapter 63, legislative document, May 17, 2005; [Austin, Texas]. (texashistory.unt.edu/ark:/67531/metapth156475/m1/1/: accessed December 16, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.