89th Legislature, Regular Session
HB 4457
Relating to innovation waivers for certain insurance laws, regulations, and requirements; authorizing a fee; creating an administrative penalty.
Introduced
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- Passed House
- Passed Senate
- To Governor
- Became Law
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89R6190 RDS-D By: Bhojani H.B. No. 4457 A BILL TO BE ENTITLED AN ACT relating to innovation waivers for certain insurance laws, regulations, and requirements; authorizing a fee; creating an administrative penalty. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subtitle B, Title 2, Insurance Code, is amended by adding Chapter 87 to read as follows: CHAPTER 87. REGULATORY SANDBOX AND INNOVATION WAIVERS Sec. 87.001. AUTHORITY TO GRANT WAIVERS. (a) The commissioner may grant a waiver, including a variance, with respect