Proposed Sections Before an agency may permanently adopt a new or amended section, or repeal an existing section, a proposal detailing the action must be published in the Texas Register at least 30 days before any action may be taken. The 30-day time period gives interested persons an opportunity to review and make oral or written comments on the section. Also, in the case of substantive sections, a public hearing must be granted if requested by at least 25 persons, a governmental subdivision or agency, or an association having at least 25 members. Symbology in proposed amendments. New language added to an existing section is indicated by the use of bold text. [Brackets] indicate deletion of existing material within a section. TITLE 1. ADMINISTRATION Part II. Texas Ethics Commission Chapter 5. Campaign Financing Subchapter A. Contribution and Expenditure Reports Penalty for Late Filing 1 TAC sec.5.1 (Editor's Note: The Texas Ethics Commission proposes for permanent adoption the new section it adopts on an emergency basis in this issue. The text of the new section is in the Emergency Rules section of this issue.) The Texas Ethics Commission proposes new sec.5.1, concerning penalties for late filings of contribution and expenditure reports. This section sets forth the civil penalty for failure to timely file such statement. Jim Mathieson, staff attorney, has determined that for the first five-year period the section is in effect there will be no fiscal implications for state or local government as a result of enforcing or administering the section. Mr. Mathieson also has determined that for each year of the first five years the section is in effect the public benefit anticipated as a result of enforcing the section will be to comply with Title 15, by establishing a civil penalty. There will be no effect on small businesses. There is no anticipated economic cost to persons who are required to comply with the section as proposed. Comments on the proposal may be submitted to Jim Mathieson, 1101 Camino La Costa, Austin, Texas 78752. The new section is proposed under Texas Civil Statutes, Article 6252-9d.1, which provides the Texas Ethics Commission with the authority to promulgate rules governing penalties for late filings of contribution and expenditure reports. This agency hereby certifies that the proposal has been reviewed by legal counsel and found to be within the agency's authority to adopt. Issued in Austin, Texas, on January 10, 1992. TRD-9200439 Jim Mathieson Attorney Texas Ethics Commission Earliest possible date of adoption: February 17, 1992 For further information, please call: (512) 406-0100 Chapter 7. Personal Financial Disclosure Subchapter A. Disclosure Statements Penalty for Late Filing 1 TAC sec.7.1 (Editor's Note: The Texas Ethics Commission proposes for permanent adoption the new section it adopts on an emergency basis in this issue. The text of the new section is in the Emergency Rules section of this issue.) The Texas Ethics Commission proposes new sec.7.1, concerning penalty for late filing of personal financial statements. This section sets forth the civil penalty for failure to timely file such statements. Jim Mathieson, staff attorney, has determined that for the first five-year period the section is in effect there will be no fiscal implications for state or local government as a result of enforcing or administering the section. Mr. Mathieson also has determined that for each year of the first five years the section is in effect the public benefit anticipated as a result of enforcing the section will be to comply with Texas Civil Statutes, Article 6252-9d.1 by establishing a civil penalty. There will be no effect on small businesses. There is no anticipated economic cost to persons who are required to comply with the section as proposed. Comments on the proposal may be submitted to Jim Mathieson, 1101 Camino La Costa, Austin, Texas 78752. The new section is proposed under Texas Civil Statutes, Article 6252-9b.1, which provide the Texas Ethics Commission with the authority to promulgate rules governing penalties for late filings of personal financial statements. This agency hereby certifies that the proposal has been reviewed by legal counsel and found to be within the agency's authority to adopt. Issued in Austin, Texas, on January 10, 1992. TRD-9200441 Jim Mathieson Attorney Texas Ethics Commission Earliest possible date of adoption: February 17, 1992 For further information, please call: (512) 406-0100 Chapter 10. Registration and Regulation of Lobbyists 1 TAC sec.sec.10.1, 10.3, 10.5, 10.7, 10.9, 10.11, 10.13, 10.15, 10. 17, 10.19. 10.21, 10.23, 10.25, 10.27, 10.29, 10.31, 10.33 (Editor's Note: The Texas Ethics Commission proposes for permanent adoption the new sections it adopts on an emergency basis in this issue. The text of the new sections is in the Emergency Rules section of this issue.) The Texas Ethics Commission proposes new sec.sec.10.1, 10.3, 10.5, 10.7, 10.9, 10.11, 10.13, 10.15, 10.17, 10.19. 10.21, 10.23, 10.25, 10.27, 10.29, 10.31, and 10.33 concerning registration and regulation of lobbyists. The new sections set forth guidelines, requirements, exceptions, penalties, and registration fees concerning lobbyists, and the required disclosure. Jim Mathieson, staff attorney, has determined that for the first five-year period the sections are in effect there will be no fiscal implications for state or local government as a result of enforcing or administering the sections. Mr. Mathieson also has determined that for each year of the first five years the sections are in effect the public benefit anticipated as a result of enforcing the sections will be to comply with the Government Code by setting forth the requirements and guidelines to be followed by lobbyists. There will be no effect on small businesses. There is no anticipated economic cost to persons who are required to comply with the sections as proposed. Comments on the proposal may be submitted to Jim Mathieson, 1101 Camino La Costa, Austin, Texas 78752. Only written comments will be accepted. The new sections are proposed under Texas Civil Statutes, Article 6252-9d.1, which provides the Texas Ethics Commission with the authority to establish registration and regulation requirements concerning lobbyists. This agency hereby certifies that the proposal has been reviewed by legal counsel and found to be within the agency's authority to adopt. Issued in Austin, Texas, on January 8, 1992. TRD-9200348 Jim Mathieson Attorney Texas Ethics Commission Earliest possible date of adoption: February 17, 1992 For further information, please call: (512) 406-0100 Chapter 15. Legislative Per Diem 1 TAC sec.15.1 (Editor's Note: The Texas Ethics Commission proposes for permanent adoption the new section it adopts on an emergency basis in this issue. The text of the new section is in the Emergency Rules section of this issue.) The Texas Ethics Commission proposes new sec.15.1, concerning legislative per diem. The legislative per diem is set by this rule in compliance with Article III, sec.24a and sec.24, and Article IV, sec.17 of the Texas Constitution. It establishes the legislative per diem for members of the legislative and the lieutenant governor for each legislative day in accordance with the constitutional guidelines. Jim Mathieson, staff attorney, has determined that for the first five-year period the section is in effect there will be fiscal implications as a result of enforcing or administering the section. The effect on state government for the first five-year period the section will be in effect will be an estimated reduction in cost of $295,200 in 1992; $984,000 in 1993; $295,200 in 1994; $984, 000 in 1995; and $295,200 in 1996. There will be no effect on local government for the first five-year period the section is in effect. Mr. Mathieson also has determined that for each year of the first five years the section is in effect the public benefit anticipated as a result of enforcing the section will be to comply with the provisions of the Texas Constitution, Article III, s24a and 24, and Article IV, sec.17, approved by the voters November 5, 1991. There will be no effect on small businesses. There is no anticipated economic cost to persons who are required to comply with the section as proposed. Comments on the proposal may be submitted to Jim Mathieson, 1011 Camino La Costa, Austin, Texas 78752. The new section is proposed under the Texas Constitution, Article III, which provides the Texas Ethics Commission with the authority to set legislative per diem. This agency hereby certifies that the proposal has been reviewed by legal counsel and found to be within the agency's authority to adopt. Issued in Austin, Texas, on January 8, 1992. TRD-9200312 Jim Mathieson Attorney Texas Ethics Commission Earliest possible date of adoption: February 17, 1992 For further information, please call: (512) 406-0100 Part IV. Office of the Secretary of State Chapter 81. Elections Campaign Reporting and Disclosure 1 TAC sec.sec.81.161-81.165 (EDITOR'S NOTE: In 1991, the 72nd Regular Session passed Senate Bill 1 which created the Texas Ethics Commission, therefore the following sections, which were under the Disclosure Filings Section of the Office of the Secretary of State, are being administratively repealed.) Chapter 89. Lobby Regulation Registration, Reporting, Termination 1 TAC sec.sec.89.1-89.6 (EDITOR'S NOTE: In 1991, the 72nd Regular Session passed Senate Bill 1 which created the Texas Ethics Commission, therefore the following sections, which were under the Disclosure Filings Section of the Office of the Secretary of State, are being administratively repealed.) Chapter 102. Health Spas Subchapter A. Statute and Definitions The Office of the Secretary of State proposes the repeal of sec.sec.102.1, 102. 10, 102.20, 102.30, 102.40, 102.41, 102.70-102.73, 102.80, 102.90 and 102.91, concerning the administration of health spas pursuant to the Health Spa Act, Texas Civil Statutes, Article 5221l (Vernon 1987, Supplement 1991). The sections are proposed for repeal because of the proposal for adoption of new rules to regulate such health spas. The new rules proposed for adoption are being contemporaneously published for comment in this issue of the Texas Register. Guy Joyner, staff attorney, has determined that for the first five-year period the repeals are in effect there will be no fiscal implications for state or local government as a result of enforcing or administering the repeals. Mr. Joyner also has determined that for each year of the first five years the repeals are in effect the public benefit anticipated as a result of enforcing the repeals will be to provide individuals and companies with a clarification of the procedure necessary to comply with registration, escrow, and security requirements prescribed by the Health Spa Act. Additionally, the sections prescribe a standard procedure for paying claims to members who have suffered losses as the result of the cessation of operation of a health spa. Such a procedure will provide an efficient means to help ensure members receive funds due them as quickly as possible. There will be no effect on small businesses. There is no anticipated economic cost to persons who are required to comply with the repeals as proposed. Comments on the proposal may be submitted to Guy Joyner, Staff Attorney, Statutory Documents Section, P.O. Box 12887, Austin, Texas 78711-2887. 278>1 TAC sec.102.1, sec.102.10
1 TAC sec.102.1
The new sections are proposed under the Administrative Procedure and Texas
Register Act, Texas Civil Statutes, Article 6252-13a, sec.4(a) (Vernon 1991) and
the Health Spa Act, Texas Civil Statutes, Article 52211 (Vernon 1987, Supplement
1991), which provides the secretary of state with the authority to prescribe and
adopt rules.
sec.102.1. Definitions. The following words and terms, when used in this
chapter, shall have the following meanings, unless the context clearly indicates
otherwise. Words and terms defined in the Health Spa Act (Texas Civil Statutes,
Article 5221L) shall have the same meaning in this chapter.
Act-The Health Spa Act, Texas Civil Statutes, Article 5221L (Vernon 1987,
Supplement 1991).
Closed, closes or closing-A condition where:
(A) the facilities of a health spa are no longer available to its members and
equivalent facilities within 10 miles of the closed facilities have not been
made available to members of the closed facilities; or
(B) the registrant has sold a registered location and the security required by
the Health Spa Act, sec.10 has either been canceled, withdrawn, or is otherwise
unavailable for the use of members; or
(C) the registrant has sold a registered location and the new owner has neither
adopted nor honored the contracts of existing members.
Contract-an agreement by which one becomes a member of a health spa.
Fully open or fully open for business -The date on which all services of the
health spa that were advertised before the opening or promised to be made
available are available for use by its members.
Location-The physical site or place where health spa facilities are located.
Prepayment-A payment for all services or the use of facilities made by members
of a health spa before the first day the services or facilities are made
available to the members.
Obligor-A person other than a surety who is obligated to perform in the event
of a registrant's default.
Registrant-A person who has registered with the secretary and has been issued a
health spa operator's certificate of registration.
Secretary-The Texas secretary of state.
This agency hereby certifies that the proposal has been reviewed by legal
counsel and found to be within the agency's authority to adopt.
Issued in Austin, Texas, on January 8, 1992.
TRD-9200334
Audrey Selden
Assistant Secretary of State
Office of the Secretary of State
Earliest possible date of adoption: February 17, 1992
For further information, please call: (512) 463-5558
Subchapter B. Registration Procedures
1 TAC sec.sec.102.10, 102.13, 102.15, 102.17
The new sections are proposed under Administrative Procedure and Texas Register
Act, Texas Civil Statutes, Article 6252-13a, sec.4(a) (Vernon 1991) and the
Health Spa Act, Texas Civil Statutes, Article 5221L (Vernon 1987, Supplement
1991), which provides the secretary of state with the authority to prescribe and
adopt rules.
sec.102.10. Procedure for Filing Registration Statement.
(a) Each health spa location shall file a registration statement containing the
following information:
(1) the health spa's name and physical location;
(2) the name and address of any person who directly or indirectly owns or
controls 10% or more of the issued and outstanding voting shares of a
corporation, if the health spa is operated through that corporation;
(3) the name and address of all the partners if the health spa is operated as a
general partnership;
(4) the name and address of each general partner if the health spa is operated
by a limited partnership;
(5) the name and address of each person deemed to be an owner if the health spa
is operated as a sole proprietorship;
(6) the name and address of any person or entity holding any direct or indirect
ownership of the health spa, if that person or entity exercises direct control
of the health spa;
(7) a detailed disclosure of the proposed facilities and services;
(8) the approximate square footage of the health spa;
(9) a complete disclosure of any litigation, or any complaint filed with a
governmental authority relating to the failure to open or the closing of a
health spa brought against the owners, officers, or directors of the health spa
filing the registration statement that was completed within the past two years
or is currently pending; or a notarized statement which states that within the
past two years there has been no litigation and no complaint filed with a
governmental authority relating to the failure to open or the closing of a
health spa brought against the health spa owners, officers, or directors for
which the registration statement is being filed; and
(10) the federal tax number of all owners and all operators of the health spa.
If a corporation is the owner or the operator, the federal tax number of the
corporation shall be provided.
(b) The registrant shall amend the registration statement not later than the
90th day after the day on which a change in the information provided in the
statement occurs.
(c) The registration statement must be renewed one year from the original
registration date and each year thereafter on the anniversary of the original
registration date.
(d) Each registration statement shall be notarized and sworn to by the person
submitting it.
sec.102.13. Fees.
(a) A fee of $100 will accompany the registration statement.
(b) The fee for filing a renewal statement is $100.
(c) If an initial or renewal application is not complete before the 31st day
after it is received incomplete, the file will be closed and the registration
fee forfeited.
sec.102.15. Exemptions. The following are exempt from registration with the
secretary:
(1) facilities owned by organizations that are tax exempt under 26 United States
Code 501 et seq;
(2) private clubs owned and operated by their members;
(3) entities primarily operated for teaching dance or aerobic exercise;
(4) entities primarily engaged in physical rehabilitation activity related to an
individual's injury or disease;
(5) an individual or entity engaged in an activity authorized under a valid
license issued by this state;
(6) activities conducted or sanctioned by a school operating under the Education
Code.
sec.102.17. Procedure for the Registration of Certain Exercise Facilities.
(a) A registrant claiming the exemption from sec.10 security requirements of the
Health Spa Act (the Act) for facilities described in the Act, sec.7A must file
security with the secretary in the form described by the Act; and
(b) A registrant must execute and file with the secretary a sworn document which
states it does not:
(1) require a participant to sign a contract or draw on a financial institution,
or pay an initiation fee;
(2) offer memberships, or require prepayment, for a term exceeding 31 days;
(3) average more than 200 participants who are authorized to use its facilities
in any one month; and
(4) exceed $6,000 in monthly revenue from fees paid by participants.
(c) A registrant must submit a registration statement for the facility.
This agency hereby certifies that the proposal has been reviewed by legal
counsel and found to be within the agency's authority to adopt.
Issued in Austin, Texas, on January 8, 1992.
TRD-9200333
Audrey Selden
Assistant Secretary of State
Office of the Secretary of State
Earliest possible date of adoption: February 17, 1992
For further information, please call: (512) 463-5570
Subchapter C. Escrow
1 TAC sec.102.20
The new section is proposed under the Administrative Procedure and Texas
Register Act, Texas Civil Statutes, Article 6252-13a, sec.4(a) (Vernon 1991) and
the Health Spa Act, Texas Civil Statutes, Article 52211 (Vernon 1987, Supplement
1991), which provides the secretary of state with the authority to prescribe and
adopt rules.
sec.102.20. Procedure for Establishing and Releasing Escrow Accounts.
(a) Unless exempted by the Health Spa Act, sec.9(e), a registrant or its
assignee or agent that accepts prepayments for its membership shall deposit all
of the funds in an escrow account established with a financial institution whose
accounts are insured by the Federal Deposit Insurance Corporation or the Federal
Savings and Loan Insurance Corporation, which shall hold the funds as escrow
agent for the benefit of the members that prepay.
(b) The registrant shall deposit prepayments received as often as biweekly and
shall make the first deposit not later than the 14th day after the day on which
the registrant or its agent accepts the first payment.
(c) Not later than the 14th day after the day on which the first prepayment is
received, the registrant shall give the secretary a notarized statement that
identifies the financial institution in which the prepayments are held in escrow
and the name in which the account is held, together with a signed statement on a
form approved by the secretary of state which authorizes the secretary of state
to make inquires of the financial institution regarding the funds in escrow.
(d) The escrow agreement must contain the following provisions.
(1) Prepayments must be deposited at least biweekly.
(2) The secretary must be named as fiduciary for the prepayment members.
(3) The prepayments shall remain in escrow until the 30th day after the date
that the health spa fully opens for business.
(4) If the health spa does not fully open for business before the 181st day
after the registrant first sells a membership in the health spa, or if the
health spa does not remain open for 30 days, the escrow agreement shall
terminate and all prepayment deposits shall be refunded to the members.
(5) Unless another health spa is operated by the same seller and is located not
more than 10 miles from the proposed location of the new health spa and the
person purchasing the membership is authorized to use these other facilities,
the member of the new spa whose fees are held in escrow is entitled to receive a
full refund of the membership fees from the escrow agent if the new health spa
does not open before the 361st day after the date on which the new spa first
sells a membership or if the new spa does not remain open for 30 days.
(6) The registrant must provide the escrow agent proof that it has filed an
affidavit with the secretary of state which certified that all obligations of
the registrant for which a lien could be filed under the Property Code, Chapter
53, have been paid and whether any person is eligible to claim a lien under that
chapter during the period the registrant or its agent accepts payments.
(e) The escrow agreement shall identify the escrow officer, style of the deposit
account, the financial institution, and any other information which will
identify the escrow account into which the prepayment have been deposited.
(f) The registrant shall file a copy of the escrow agreement with the secretary.
This agency hereby certifies that the proposal has been reviewed by legal
counsel and found to be within the agency's authority to adopt.
Issued in Austin, Texas, on January 8, 1992.
TRD-9200332
Audrey Selden
Assistant Secretary of State
Office of the Secretary of State
Earliest possible date of adoption: February 17, 1992
For further information, please call: (512) 463-5558
Subchapter D. Security
1 TAC sec.sec.102.30, 102.31, 102.35, 102.40, 102.45
The new sections are proposed under the Administrative Procedure and Texas
Register Act, Texas Civil Statutes, Article 6252-13a, sec.4(a) (Vernon 1991) and
the Health Spa Act, Texas Civil Statutes, Article 5221l (Vernon 1987, Supplement
1991), which provides the secretary of state with the authority to prescribe and
adopt rules.
sec.102.30. Procedure for Determining Security Requirements.
(a) All persons operating a health spa within the meaning of the Health Spa Act
(the Act), sec.6(3) shall file a surety bond or post other security as required
by the Act, sec.10 except that persons who qualify under the Act, sec.7A shall
post the security required by that section.
(b) The secretary may not issue a certificate of registration unless the
applicant first files a surety bond or posts other security as required by the
Act, either sec.7A or sec.10.
(c) The particular security required to be filed under the Act, sec.10 is
dependent upon whether a health spa was in operation prior to September 1, 1989.
Health spas which were in operation prior to September 1, 1989 are required to
post the security identified in sec.102.31(a) of this title (relating to
Security Requirements-General). Health spas which are new or which were in
operation on or after September 1, 1989 are required to post the security
identified in sec.102.31(b).
(d) To qualify for sec.102.31(a) treatment with respect to the posting of
security, the applicant or registrant must demonstrate to the satisfaction of
the secretary that:
(1) the health spa for which registration is sought was in operation prior to
September 1, 1989;
(2) the legal entity whether it be a sole proprietorship, partnership, or
corporation which owned the health spa that was in operation prior to September
1, 1989 is the same legal entity which seeks registration;
(3) when there is a transfer of health spa ownership, save and except for the
transfer of all the outstanding stock of a corporation, the successor is subject
to the security requirements that are in effect at the time of the transfer.
sec.102.31. Security Requirements-General.
(a) The following is applicable to the owner of any health spa in operation
before September 1, 1989, and any additional locations opened by the owner of
that health spa on or after September 1, 1989.
(1) On or before the 30th day after the date a health spa opens its facilities
for the use of its members, the health spa shall file with the secretary a
surety bond issued by a surety company licensed to do business in this state,
or, in lieu of and in equal amount to the bond, a certificate of deposit, letter
of credit, or other negotiable instrument issued by a financial institution in
this state whose deposits are insured by the Federal Deposit Insurance
Corporation or the Federal Savings and Loan Insurance Corporation. The bond,
certificate of deposit, letter of credit, or other instrument shall be payable
in favor of the state and shall be held for the benefit of any members of the
health spa who suffer financial losses due to the insolvency or cessation of
operation of the health spa. "Financial losses" shall mean and be limited to any
unused or unearned portion of such member's dues or fees. Such a member may
bring an action based on the bond and recover against the surety regardless of
the number of claimants or claims filed against the bond, but the liability of
the surety may not exceed the aggregate amount of the bond. If the claims filed
against the bond exceed the amount of the bond, the surety shall pay the amount
of the bond to the secretary for distribution to the claimants on a pro rata
basis. The surety or obligor is relieved of liability on payment of the amount
of the bond or other security to the secretary.
(2) The amount of the security required under paragraph (1) of this subsection
is 20% of the total value of the prepayments received by the health spa. However
the amount of the security may not be less than $20,000 or more than $50,000.
(3) The health spa shall maintain the security in the amount provided in
paragraph (2) of this subsection in effect for two years after the date the
security is filed with the secretary. Thereafter, the health spa shall
continuously maintain security in the amount of $5,000.
(b) The following is applicable to any health spa opened on or after September
1, 1989, other than those hereinafter described in subsection (a) of this
section.
(1) On or before the 30th day before the date a health spa opens a location for
the use of its members, the health spa shall file with the secretary a surety
bond issued by a surety company licensed to do business in this state. In lieu
of, and in equal amount to the bond, the spa may submit a certificate of
deposit, or a letter of credit, or other negotiable instrument issued by a
financial institution in this state whose deposits are insured by the Federal
Deposit Insurance Corporation or the Federal Savings and Loan Insurance
Corporation. The bond or other security deposit shall be payable in favor of the
state and shall be held for the benefit of any members of the health spa who
suffer financial losses due to the insolvency or cessation of operation of the
health spa. "Financial losses" shall mean and be limited to any unused or
unearned portion of such member's dues or fees. Such a member may bring an
action based on the bond and recover against the surety regardless of the number
of claimants or claims ruled against the bond, but the liability of the surety
may not exceed the aggregate amount of the bond. If the claims filed against the
bond exceed the amount of the bond, the surety shall pay the amount of the bond
to the secretary of state for distribution to the claimants on a pro rata basis.
The surety or obligor is relieved of liability on payment of the amount of the
bond or other security to the secretary.
(2) The amount of the security required under paragraph (1) of this subsection
is $20,000. If a claim is paid from the bond or other security deposit, the
health spa must post additional security, not later than the 20th day after the
date on which the claim is paid, to restore the amount of the security to
$20,000.
(3) The health spa shall maintain the bond or other security deposit in the
amount provided in paragraph (2) of this subsection in effect for two years
after the date on which the health spa ceases business or until the secretary of
state determines that each claim to which the bond or other security deposit is
subject has been satisfied or foreclosed by law.
(c) The following provision shall be applicable to all bonds filed with the
secretary regardless of when the owner first opened a health spa.
(1) Regardless of the number of years the bond shall continue in force or the
number of premiums payable or paid, the limit of the surety's liability stated
in the bond shall not be cumulative from year to year or period to period.
(2) The surety shall not be liable through a bond for punitive damages or for
civil or criminal penalties assessed against a health spa, its individual
owners, or its employees.
(3) The bond written by a surety hereunder shall be continuous until canceled by
the surety or terminated by the health spa only upon giving 90 days' prior
notice to the secretary of such cancellation.
(4) A surety hereunder shall not be liable for any claim brought or suit filed
against a bond if the claim or filing of a suit occurs more than two years from
the last effective date of the bond.
sec.102.35. Adjudication of Claims.
(a) Within 20 days of receiving notice that a health spa has ceased operations
or is insolvent, the secretary shall make a preliminary determination regarding
whether any of the spa's members have suffered financial loss within the meaning
of the Health Spa Act (the Act) and these rules. If the secretary determines
that financial losses have in fact occurred he shall within 20 days of making
the determination notify the surety or obligor that:
(1) the health spa has ceased operations or is insolvent;
(2) members of the health spa have suffered financial losses within the meaning
of the Act and these rules;
(3) the secretary intends to:
(A) publish a display advertisement in a newspaper of general circulation in the
county or nearest county in which the health spa is located notifying the public
of the fact that the health spa is closed and that a health spa member has 90
days from the date of the first notice to perfect a claim under the security
posted; or
(B) use any other reasonable method, to include regular mail, deemed by the
secretary to provide sufficient notice to members of the health spa of the fact
that the health spa is closed and that a member has 90 days from the date of the
notice to perfect a claim under the security posted;
(4) the secretary intends to perfect a claim against the bond or other security
for the reasonable expenses incurred in providing notice to the members. The
maximum amount of such expenses shall not exceed $3, 000.
(b) Unless the surety or obligor as the case may be, timely contests the
preliminary determination of the secretary pursuant to the Administrative
Procedure and Texas Register Act (Texas Civil Statutes, Article 6252-13a (Vernon
Supplement 1991)), the secretary shall proceed to publish the notice.
(c) Within 45 days from the date the secretary first discovers that a health spa
has closed, the secretary shall initiate the notice process.
(1) If it is decided to publish in a newspaper, the secretary shall publish a
display advertisement in a newspaper of general circulation in the county or
nearest county in which the health spa is located notifying the public of the
fact that the health spa is closed and the member has 90 days from the date of
the first notice to perfect a claim under the security posted pursuant to the
Act, sec.10. The notice shall be published for 2 consecutive Saturdays and
Sundays and shall inform those affected of the procedures for perfecting a claim
against the security. The secretary shall have a claim against the security for
reasonable expenses incurred in publishing the notice which shall not exceed $3,
000.
(2) Regardless of the method utilized for notice to the members, all claims
received by the secretary after 90 days following the date of the last notice
are barred and shall not be considered by the secretary. If the total of claims
evidencing actual financial loss exceed the amount of the security, the
secretary shall adjudicate the claims on a pro rata basis by dividing the amount
of the security, after first deducting the actual costs for publication of the
notice, by the total amount of the claims in order to ascertain a percentage to
be applied to each claim.
(d) In order to perfect a claim, a claimant must submit a copy of the contract
that forms a basis of the claim together with documentation or a sworn affidavit
indicating the total of payments made pursuant to the contract. In the event the
claimant does not submit adequate documentation, the secretary shall promptly
inform the claimant of this fact together with notice that adequate
documentation must be received by the bar date in order for the claim to be
considered.
(e) The secretary shall timely present claims together with supporting
documentation for the approval of payment by the surety or obligor.
(f) Actual financial loss shall mean and be limited to those sums which have
been paid under a health spa contract to a registrant or a registrant's assignee
and which at the time the health spa is closed are unearned. Actual financial
losses shall be calculated by multiplying the gross monthly payment by the total
of months or partial months remaining on a contract at the time of closing minus
any payments not made. For the purposes of this section the terms used shall
mean the following.
(1) Closed-The condition wherein the facilities of a health spa are no longer
available to its members and equivalent facilities within 10 miles of the closed
facility have not been made available to the members of the closed facilities;
or where a registrant has sold a registered location and the security required
in section of the Act has not been transferred to the new owner or the new owner
has neither adopted nor honored the contracts of existing members.
(2) Gross monthly payment-The gross monthly payment shall be calculated by
determining the total of payments, including down payments and initiation fees
required by the contract, divided by the total number of months in the term of
the contract.
(3) Calculation of dates-The date of closing and the date of the contract
expiration shall be rounded to the nearest full month. The total months
remaining on the contract shall be calculated by subtracting the date of closing
from the expiration date of the contract. The result will be expressed in whole
months.
(g) If the members' claims do not exceed the amount of the security, the
registrant shall arrange for the direct payment of the claims to the members.
(h) The surety or obligor shall provide the secretary proof of payment of the
members' claims.
(i) In the event the total of claims exceed the amount of the security the
claims shall be paid on a pro-rata basis by dividing the amount of the security,
after first deducting the secretary's cost of publication of the notice, by the
total amount of the claims. This percentage shall be applied to each claim.
sec.102.40. Procedure for Filing Letters of Credit as Security Under the Health
Spa Act, sec.10.
(a) If a registrant posts a letter of credit as the security under the Health
Spa Act, sec.10, the letter of credit must be maintained as a current negotiable
instrument issued by a financial institution in this state whose deposits are
insured by the Federal Deposit Insurance Corporation or the Federal Savings and
Loan Insurance Corporation.
(b) The letter of credit shall be on the financial institution's letterhead and
in the format provided by the secretary's sample form.
(c) In the event a health spa ceases operations and the members' claims exceed
the amount of the letter of credit, the following procedure shall be followed by
the secretary.
(1) The secretary shall within 90 days after discovering the health spa has
closed draw upon the letter of credit for the benefit of the members.
(2) The proceeds shall be deposited in the Texas State Treasury until
distribution can be made to the members.
sec.102.45. Procedure For Filing Certificates of Deposit as Security Under the
Health Spa Act, sec.10.
(a) If the registrant provides a certificate of deposit as security under the
Health Spa Act, sec.10, the certificate of deposit must be issued by a financial
institution in this state whose deposits are insured by the Federal Deposit
Insurance Corporation or the Federal Savings and Loan Insurance Corporation.
(b) The original certificate of deposit must be filed along with an executed
assignment form. The assignment form can be obtained from the Statutory
Documents Section of the Office of the Secretary of State, P.O. Box 12887,
Austin, Texas 78711-2887, (512) 463-5559.
This agency hereby certifies that the proposal has been reviewed by legal
counsel and found to be within the agency's authority to adopt.
Issued in Austin, Texas, on January 8, 1992.
TRD-9200331
Audrey Selden
Assistant Secretary of State
Office of the Secretary of State
Earliest possible date of adoption: February 17, 1992
For further information, please call: (512) 463-5558
Subchapter E. General Information
1 TAC sec.102.50
The new section is proposed under the Administrative Procedure and Texas
Register Act, Texas Civil Statutes, Article 6252-13a, sec.4(a) (Vernon 1991) and
the Health Spa Act, Texas Civil Statutes Article 5221l (Vernon 1987, Supplement
1991), which provides the secretary of state with the authority to prescribe and
adopt rules.
sec.102.50. Forms. Forms shall be provided by the Office of the Secretary of
State for the purposes of complying with the Health Spa Act and this chapter.
The forms are hereby adopted by reference and may be obtained from the Office of
the Secretary of State, Statutory Documents Section, P.O. Box 12887, Austin,
Texas 78711-2887.
This agency hereby certifies that the proposal has been reviewed by legal
counsel and found to be within the agency's authority to adopt.
Issued in Austin, Texas, on January 8, 1992.
TRD-9200330
Audrey Selden
Assistant Secretary of State
Office of the Secretary of State
Earliest possible date of adoption: February 17, 1992
For further information, please call: (512) 463-5558
Part X. Department of Information Resources
Chapter 201. Planning and Management of Information Resources Technologies
1 TAC sec.201.5
The Department of Information Resources proposes an amendment to sec.201.5,
concerning procedures for state agency planning of information resources
technologies. The amendment provides instructions and formats to be used by an
agency in the preparation and submission of its initial and final operating
plans.
Larry Lehmann, business manager, has determined that for the first five-year
period the section is in effect there will be no fiscal implications for state
or local government as a result of enforcing or administering the section.
Mr. Lehmann also has determined that for each year of the first five years the
section is in effect the public benefit anticipated as a result of enforcing the
section will be more timely preparation and review of agency information
resources plans and greater emphasis on the effective use of information
resources technologies to support state government activities. There will be no
effect on small businesses. There is no anticipated economic cost to persons who
are required to comply with the section as proposed.
Comments on the proposal may be submitted as follows: Comments on Rule Changes,
P.O. Box 13564, Austin, Texas 78711, Attention: Martin J. Cassano. The outside
of the envelope must be clearly marked "Comments on Rule Changes." All comments
received after 5 p.m. February 17, 1992, will not be considered and will be
returned unopened to the sender. Only comments provided in writing will be
considered.
The amendment is proposed under Texas Civil Statutes, Article 4413(32j) sec.9,
which provide the Department of Information Resources with the authority to
adopt rules as necessary to carry out its responsibilities under this article.
sec.201.5. Agency Planning.
(a) (No change.)
(b) Initial operating plans.
(1) (No change.)
(2) Contents. An agency's initial operating plan must . [:
[(A) state how the requested appropriations for the management, operation, and
procurement of information resources would be spent;
[(B) contain a summary of the agency's needs for information resources
technologies and the estimated cost of meeting those needs during the next
biennium;
[(C) list the existing and proposed projects for the agency, including the
anticipated benefits of those projects; the major resources required to complete
the projects; the estimated total cost of each project by legislative program;
the cost and implementation schedule for each project; the number, type,
approximate cost, and planned method of acquisition for major procurements
associated with each project; and the estimated internal development costs for
each project;
[(D) provide an estimate of the percentage of existing and proposed information
resources technologies that will be required after proposed projects are
implemented.]
(3) (No change.)
(c)-(f) (No change.)
This agency hereby certifies that the proposal has been reviewed by legal
counsel and found to be within the agency's authority to adopt.
Issued in Austin, Texas, on January 10, 1992.
TRD-9200435
Debra J. Williams
Policy Analyst
Department of Information Resources
Earliest possible date of adoption: February 17, 1992
For further information, please call: (512) 475-4744
TITLE 16. ECONOMIC REGULATION
Part II. Public Utility Commission of Texas
Chapter 23. Substantive Rules
General Rules
16 TAC sec.23.3
The Public Utility Commission of Texas proposes an amendment to sec.23.3,
concerning recreational vehicle parks. The proposed amendment is necessary to
recognize changes made by the 72nd Legislature to the definition of public
utility in the Public Utility Regulatory Act. In addition, the rule clarifies
that the intent of a recreational vehicle park owner to recover shortfalls if
future legislative changes allow such will not be considered action that makes
the recreational vehicle park owner a utility even though the legislation passed
by the 72nd Legislature does not allow a surcharge to recover shortfalls in
revenues. However, the recreational vehicle park owner is required to keep a
record of shortfalls if he has such intent and otherwise comply with the
requirements of Texas Civil Statutes, Article 1446d-2.
Bret J. Slocum, deputy general counsel, has determined that for the first five-
year period the section is in effect there will be no fiscal implications for
state or local government as a result of enforcing or administering the section.
Mr. Slocum also has determined that for each year of the first five years the
section is in effect the public benefit anticipated as a result of enforcing the
section will be the elimination of any inconsistency between the Public Utility
Regulatory Act and the commission's rules. There will be no effect on small
businesses as a result of enforcing the section. There is no anticipated
economic cost to persons who are required to comply with the section as
proposed.
Bret J. Slocum has also determined that for each year of the first five years
the section is in effect, there will be no impact on employment in the
geographical areas affected by implementing the requirements of the section.
Comments on the proposal (13 copies) may be submitted to Mary Ross McDonald,
Secretary of the Commission, Public Utility Commission of Texas, 7800 Shoal
Creek Boulevard, Suite 232S, Austin, Texas 78757. Comments should be submitted
within 30 days after publication of the proposed section and should refer to
Project Number 10803.
The amendment is proposed under the Public Utility Regulatory Act, sec.16(a),
which provides the Public Utility Commission of Texas with the authority to make
and enforce the rules reasonably required in the exercise of its powers and
jurisdiction.
sec.23.3. Definitions. The following words and terms, when used in this
chapter, shall have the following meanings, unless the context clearly indicates
otherwise.
Public utility -The definition of public utility is that definition given in
the Public Utility Regulatory Act, Article I, sec.3(c).
[However, the metered sale of electricity shall not be considered the provision
of electric shall not be considered the provision of electric service for
compensation is each of the following conditions are met: The electricity is
consumed in a recreational vehicle, as defined in the Texas Commercial Driver's
License Act, Texas Civil Statutes, Article 6687b-2, (Supplement 1991), that is
located in a recreational vehicle park; the park owner can show that he does not
recover from the recreational vehicle occupants through metered charges more
than the utility has charged the park owner including recognition of fuel
refunds on an annual basis for the electric service that is being submetered to
the recreational vehicle occupants. In order to make such a showing, the park
owner must maintain records of the utility bills and the electricity charges
collected from the recreational vehicle occupants including consumption records;
such electricity is charged by the use of a fixed rate per kwh that is fixed
over an annual period and is computed by totaling last year's bill's from the
utility and dividing by the total kwh consumed during that last year, rounded to
the nearest cent. If the supplying utility has had a rate increase since or
during the last annual period, the park owner may recompute last year's bills
from the utility using the utility's current tariff. If the supplying utility
has had a rate decrease since or during the last annual period, the park owner
shall recompute last year's bills from the utility using the utility's current
tariff. The fixed rate can only be adjusted once annually; if at the end of a
year the park owner determines that he has collected an amount different than he
has been charged by the utility, the park owner must refund any overcollection
and may surcharge any undercollection over the next year; no electric utility
bills or costs for common areas are included in the costs to be recovered
through a metered charge from the recreational vehicle occupants.]
This agency hereby certifies that the proposal has been reviewed by legal
counsel and found to be within the agency's authority to adopt.
Issued in Austin, Texas, on January 8, 1992.
TRD-9200920
Mary Ross McDonald
Secretary of the Commission
Public Utility Commission of Texas
Earliest possible date of adoption: February 17, 1992
For further information, please call: (512) 458-0100
TITLE 22. EXAMINING BOARDS
Part XXV. Structural Pest Control Board
Chapter 593. Licenses
22 TAC sec.593.21, sec.593.22
The Structural Pest Control Board proposes new sec.593.21 and sec.593.22,
concerning licensing standards and requirements for technicians and technician-
apprentices. The new sections create specific testing and training requirements
include new fees and a board-approved technician training course.
Benny M. Mathis, Jr. executive director, has determined that for the first five-
year period the sections are in effect there will be fiscal implications for
state government as a result of enforcing or administering the sections. The
effect on state government for the first five-year period the sections are in
effect will be an estimated additional cost of $50,000 for fiscal year fy 1992
and $30,000 for fys 1993-1996; and an estimated increase in revenue of $50,000
for fy 1992 and $30,000 for fys 1993-1996. There will be no effect on local
government.
Mr. Mathis also has determined that for each year of the first five years the
sections are in effect the public benefit anticipated as a result of enforcing
the sections will be increased professionalism and proficiency among licensed
pest control technicians. The effect on small businesses as compared to the
largest businesses affected by the sections based on cost per employee is as
follows: technician exam-$60 per year; technician-apprentice-$18 per year;
training manual-$7.50 as needed; technician license -$36 per year.
The anticipated economic cost to persons who are required to comply with the
sections as proposed will be technician license -for fys 1992-1996; and
technician apprentice-for fys 1992-1996.
Comments on the proposals may be submitted to Roger B. Borgelt, 9101 Burnet
Road, Suite 201, Austin, Texas 78758.
The new sections are proposed under Texas Civil Statutes, Article 135b-6, which
provide the Structural Pest Control Board with the authority to establish
standards for testing, licensing, and regulating persons engaged in the
structural pest control business.
sec.593.21. Technician-apprentice License Standards.
(a) An employee desiring to become a technician-apprentice must file a
technician-apprentice application on the initial date of employment. The
application must include the following information:
(1) applicant's full name;
(2) applicant's home address;
(3) applicant's date of employment;
(4) applicant's social security number;
(5) applicant's driver's license number;
(6) applicant's birthdate;
(7) a fee of $18.
(b) applicants for a technician-apprentice license shall not perform pest
control work without the physical presence of a licensed technician or certified
applicator.
(c) In order to receive a technician-apprentice license, an applicant must:
(1) file a technician-apprentice application with the board;
(2) be at least 16 years of age;
(3) receive general training of at least 20 hours of verifiable classroom
training that shall include at least two hours in each of the following subject
areas:
(A) federal and state laws regulating structural pest control and pesticide
application;
(B) recognition of pest and pest damage;
(C) pesticide labels and label comprehension;
(D) pesticide safety;
(E) environmental protection;
(F) application equipment and techniques;
(G) pesticide formulator and actions;
(H) emergency procedures and pesticide cleanup;
(I) procedures for the immediate reporting of spills and misapplications;
(J) basic principles of mathematics, chemistry, toxicology, and entomology;
(K) nonchemical pest control techniques, including biological, mechanical, and
prevention techniques;
(4) be able to read and write the English language;
(5) receive 60 hours of verifiable on-the-job training and 10 hours of classroom
training in each category technician-apprentice. The on-the-job training means
work licensed performed that includes education and training in each category
for which the technician-apprentice is to become licensed and should include,
but not be limited to, the subject areas listed in subsection (c)(3)(A)-(K) of
this section.
(d) The business license holder and certified commercial applicator shall
certify to the board in writing that the applicant has completed the required
training and has demonstrated competency in each category in which he is to
provide pest control service. A technician-apprentice license will then be
issued.
(e) The business training records for each technician-apprentice in the company
files for at least one year after termination of employment. The training
records shall be kept on a form prescribed by the board and shall include, but
not be limited to, the following: date training is received, number of hours of
training, subject of training, name and license number of trainer, designation
of on-the-job or classroom training and competency evaluation by the certified
commercial applicator.
(f) When a technician-apprentice changes employers the employer who provided the
verifiable training shall make the training record available to the technician-
apprentice or the new employer upon written request.
(g) It is a violation of this section for a business licensee to allow a
technician-apprentice to perform work in a category in which he has not been
properly trained. technician-apprentice and technician must have personal
contact with the certified commercial applicator of record at least three days
per week.
sec.593.2. Technician License Standards.
(a) technician-apprentice may become a licensed technician by taking the
approved technician training courses for the general category and the category
of licensure desired and passing the technician examination. The technician
examination application must be accompanied by a fee of $30 per category.
technician-apprentice may take the technician examination as many times as
necessary but shall maintain a technician-apprentice license for a maximum of
six months out of any 12-month period. Technicians who were licensed on or
before September 1, 1991 must verify that they have completed the board-approved
technician training course before September 1, 1996. Failure of a licensed
technician to complete the technician training courses shall be a violation of
this section.
(b) The Technician Training Manual for each category may be obtained from the
board for a fee of $7.50 per manual.
(c) An individual must pass the subject area examination for each category of
structural pest control in which the individual wishes to become licensed.
Reexamination is not necessary if the license is renewed annually by the
technician.
(d) Examinations shall be given at dates and at locations to be at the
discretion of the board. A fee of $30 per examination category shall be paid by
the applicant.
(e) All other testing procedures shall be governed by sec.sec.593.5(c)(3)-(11),
and (13), and (14) of this title (relating to Examinations) except that a
technician-apprentice may retest at any time.
(f) Persons who make a passing grade and qualify for a technician license must
make application to obtain a license within six months of the exam ate or be
retested.
(g) Each technician-apprentice license application shall be accompanied by a fee
of $18.
(h) Each technician license application shall be accompanied by a fee of $36.
This agency hereby certifies that the proposal has been reviewed by legal
counsel and found to be within the agency's authority to adopt.
Issued in Austin, Texas, on January 10, 1992.
TRD-9200426
Benny M. Mathis, Jr.
Executive Director
Structural Pest Control Board
Earliest possible date of adoption: February 17, 1992
For further information, please call: (512) 835-4066
TITLE 28. INSURANCE
Part I. Texas Department Of Insurance
Chapter 1. General Administration
Subchapter A. Rules of Practice and Procedure.
Subpoenaing Witnesses and Materials
28 TAC sec.1.36
The State Board of Insurance of the Texas Department of Insurance proposes an
amendment to sec.1.36, concerning subpoenaing witnesses and materials in
investigations. House Bill 62, enacted during the Second Called Session of the
72nd Legislature, and effective January 1, 1992, amends Article 1.19-1 to
require that the commissioner and a board member sign investigative subpoenas.
The amendment to sec.1.36(b) is necessary to eliminate language in the rule
which conflicts with Article 1.19-1 as amended. The amendment also changes
references to the State Board of Insurance to reflect the agency's new name, the
Texas Department of Insurance.
William P. Harbeson, deputy commissioner for legal services, has determined that
for the first five-year period the section is in effect there will be no fiscal
implications for state or local government as a result of enforcing or
administering the section, and there will be no effect on local employment or
local economy.
Mr. Harbeson also has determined that for each year of the first five years the
section is in effect the public benefit anticipated as a result of enforcing the
section will be consistency between the language in the rule and the language of
the statute. There will be no effect on small businesses. There is no
anticipated economic cost to persons who are required to comply with the section
as proposed.
Comments on the proposal may be submitted to William P. Harbeson, Deputy
Commissioner for Legal Services, Mail Code 110-1A, Texas Department of
Insurance, 333 Guadalupe Street, P.O. Box 149104, Austin, Texas 78714-9104.
The amendment is proposed under the Insurance Code, Article 1.04, which
authorizes the State Board of Insurance to determine rules and regulations for
the conduct and execution of the duties and functions of the Texas Department of
Insurance, and under the Insurance Code, Article 1.19-1, which specifies
procedures for issuance of investigative subpoenas, as amended by House Bill 62,
Second Called Session, 72nd Legislature.
sec.1.36. Subpoenaing Witnesses and Materials.
(a) (No change)
(b) Investigations. The
[deputy insurance commissioner for legal and compliance, the director
of legal services, the general counsel to the board, and the chief clerk may]
sign any [and issue] subpoenas in the course of an investigation. A subpoena
includes a subpoena duces tecum.
(1) (No change.)
(2) Service of subpoena. A subpoena shall be addressed to and served by any
sheriff, constable, or
[State Board of
Insurance] investigator of the State of Texas. For the purposes of this
paragraph, a
[State Board of Insurance]
investigator includes any insurance specialist or insurance director employed in
the legal services or unauthorized insurance divisions of the
[State Board of Insurance].
(3) (No change.)
(4) Receipt of testimony and materials. The testimony of a subpoenaed witness
shall be taken in the presence of a certified shorthand reporter having the
authority to lawfully administer an oath pursuant to the Government Code,
sec.52.025(b). The shorthand reporter's fee shall be paid by the
[State Board of Insurance]. Any materials received
from a witness shall be properly marked and noted by the shorthand reporter. A
witness may make originals available for copying instead of relinquishing
originals, provided that the originals remain available for comparison.
(5) (No change.)
This agency hereby certifies that the proposal has been reviewed by legal
counsel and found to be within the agency's authority to adopt.
Issued in Austin, Texas, on January 13, 1992.
TRD-9200304
Linda K. von Quintus-Dorn
Chief Clerk
Texas Department of Insurance
Earliest possible date of adoption: February 17, 1992
For further information, please call: (512) 463-6327
Chapter 3. Life, Accident, and Health Insurance and Annuities
Subchapter T. Minimum Standards for Medicare Supplement Policies
28 TAC sec.3.3311
(Editor's note: The text of the following section proposed for repeal will not
be published. The section may be examined in the offices of the State Board of
Insurance or in the Texas Register office, Room 245, James Earl Rudder Building,
1019 Brazos Street, Austin.)
The State Board of Insurance of The Texas Department of Insurance proposes the
repeal of sec.3.3311, concerning the consumer hotline for medicare supplement
insurance information. The repeal of this section will eliminate the redundancy
which could result with the amendment of sec.1.601, notice of policyholder
complaint procedure, which is being considered for publication for comment.
Bill Maschal, acting associate commissioner for consumer services, has
determined that for the first five-year period the repeal is in effect there
will be no fiscal implications for state or local government as a result of
enforcing or administering the repeal.
Mr. Maschal also has determined that for each year of the first five years the
repeal is in effect the public benefit anticipated as a result of enforcing the
repeal will be the elimination of duplicate notices concerning medicare
supplement insurance information. There will be no effect on small businesses.
There is no anticipated economic cost to persons who are required to comply with
the repeal as proposed.
Comments on the proposal may be submitted to Bill Maschal, Acting Associate
Commissioner for Consumer Services, Mail Code 111-1A, Texas Department of
Insurance, P.O. Box 149091, Austin, Texas 78714-9091.
The repeal is proposed under the Insurance Code, Article 1.04, which provides
the Texas Department of Insurance with the authority to determine policy and
rules in accordance with the laws of this state; and under the Insurance Code,
Article 1.35 and 1.35D which require the board to promulgate the proper wording
for a notice of complaint procedure and require the department to maintain a
toll-free telephone number to provide information and take complaints.
sec.3.3311. Notice of Consumer Hotline.
This agency hereby certifies that the proposal has been reviewed by legal
counsel and found to be within the agency's authority to adopt.
Issued in Austin, Texas, on January 13, 1992.
TRD-9200305
Linda K. von Quintus-Dorn
Chief Clerk
Texas Department of Insurance
Earliest possible date of adoption: February 17, 1992
For further information, please call: (512) 463-6327
Chapter 5. Property and Casualty Insurance
Subchapter F. Inland Marine Insurance
Definition and Classification of Inland Marine Insurance
28 TAC sec.5.5001
The State Board of Insurance of the Texas Department of Insurance proposes an
amendment to sec.5.5001, concerning the definition and classification of inland
marine insurance. The amendment is necessary to delete reference to the
regulatory status designated as " fire and e.c.." The designation of "fire and
e. c." indicates that those classes or subclasses of inland marine insurance for
which rules, rates, and forms are not required to be filed and approved by the
State Board of Insurance, must be written at rates in excess of the maximum
rates promulgated for fire and extended coverage by the State Board of
Insurance. The Insurance Code, Article 5.13-2, implements a new file and use
rating system for commercial property insurance thereby eliminating the
promulgation of maximum fire and extended coverage rates by the State Board of
Insurance. In the absence of promulgated maximum fire and extended coverage
rates, insurers cannot comply with the Texas definition of inland marine
insurance for those classes or subclasses subject to the regulatory status of
"fire and e.c.." Reference to "fire and e.c." as a regulatory status is
eliminated from the classification procedures contained in the Texas definition
of inland marine insurance.
Lyndon Anderson, deputy commissioner, property division, has determined that,
for the first five-year period the section is in effect there will be no fiscal
implications for state or local government as a result of enforcing or
administering the section and there will be no effect on local employment or
local economy.
Mr. Anderson also has determined that for each year of the first five years the
section is in effect the public benefit anticipated as a result of enforcing the
section will be the continued ability of insurers to offer inland marine
policies for classes or subclasses of inland marine insurance that were
previously in conflict with the application of the proper rating method. There
will be no effect on small businesses. There is no anticipated economic cost to
persons who are required to comply with the proposed section.
Comments on the proposal may be submitted to Lyndon Anderson, Deputy
Commissioner for Property Division, Mail Code 103-A, Texas Department of
Insurance, 333 Guadalupe Street, P.O. Box 149104, Austin, Texas 78714-9104.
The amendment is proposed under the Insurance Code, Article 5.53, which
authorizes the State Board of Insurance to adopt a definition and classification
of inland marine insurance.
sec.5.5001. Purpose and Classification Procedure.
(a) (No change.)
(b) The regulatory status of each class (or subclass where indicated) is noted
by the language "filed," or "non-regulated," [or "fire and e.c."] as
specifically applied to each class or subclass and which shall be interpreted as
follows.
(1)-(2) (No change.)
[(3) "Fire and e.c." indicates those classes or subclasses for which rules,
rates, and forms are not subject to filing requirements but for which the
premium for the inland marine policy must be in excess of the premium which
would be otherwise produced by the applications of approved fire and extended
coverage rates if the inland marine policy insures against the perils of fire
and extended coverage. "Approved rates" as used in this paragraph, are the
maximum fire and extended coverage rates published by the State Board of
Insurance.]
(c) (No change.)
This agency hereby certifies that the proposal has been reviewed by legal
counsel and found to be within the agency's authority to adopt.
Issued in Austin, Texas, on January 13, 1992.
TRD-9200456
Linda K. von Quintus-Dorn
Chief Clerk
Texas Department of Insurance
Earliest possible date of adoption: February 17 ,1992
For further information, please call: (512) 463-6327
28 TAC sec.5.5002
The State Board of Insurance of the Texas Department of Insurance proposes an
amendment to sec.5.5002, concerning the definition and classification of inland
marine insurance. The amendment is necessary to eliminate reference to the
regulatory status of "fire and e.c." from the Texas definition of inland marine
insurance for the bailee customers class, cold storage locker plant class, fine
arts dealers subclass, installation risks or builders' risk class, stamp and
coin commercial risks subclass, and self-service storage customer class. The
regulatory status of "fire and e.c." is no longer applicable since the State
Board of Insurance will not promulgate maximum fire and extended coverage rates.
In the absence of promulgated maximum fire and extended coverage rates, insurers
cannot comply with the requirement that the previously mentioned classes or
subclasses be subject to a premium charge in excess of State Board of Insurance
promulgated fire and extended coverage rates. With the elimination of the
regulatory status of "fire and e.c.," a regulatory status of "nonregulated" is
assigned to the previously mentioned classes or subclasses of inland marine
insurance indicating rules, rates, and forms are not required to be filed for
these classes or subclasses, with the exception of self-service storage customer
class, which would indicate only rates, to be "nonregulated" since forms and
rules are required to be filed. In addition, amendments are made to the
jeweler's block class and musical instrument dealers class to correct printing
errors in the previous Texas Register publication.
Lyndon Anderson, deputy commissioner, property division, has determined that for
the first five-year period the section is in effect there will be no fiscal
implications for state or local government as a result of enforcing or
administering the section and there will be no effect on local employment or
local economy.
Mr. Anderson also has determined that for each year of the first five years the
section is in effect the public benefit anticipated as a result of enforcing the
section will be the continued ability of insurers to offer inland marine
policies for classes or subclasses of inland marine insurance that were
previously in conflict with the application of the proper rating method. There
will be no effect on small businesses. There is no anticipated economic cost to
persons who are required to comply with the proposed section.
Comments on the proposal may be submitted to Lyndon Anderson, Deputy
Commissioner Property Division, Mail Code 103-A, Texas Department of Insurance,
333 Guadalupe Street, P.O. Box 149104, Austin, Texas 78714-9104.
The amendment is proposed under the Insurance Code, Article 5.53, which
authorizes the State Board of Insurance to adopt a definition and classification
of inland marine insurance.
sec.5.5002. Texas Definition of Inland Marine Insurance.
Inland marine
insurance is defined and classified as follows:
(1)-(4) (No change.)
(5) Other inland marine risks.
(A)-(B) (No change.)
(C) Bailee customers policies
[(fire and e.c.)].
Covering property in the custody of bleacheries, throwsters, fumigatories,
dyers, cleaners, laundries, needle workers, and other bailees for the purpose of
storage or performing work thereon. Such policies shall include coverage while
in transit but shall not cover bailee's property at his or her premises.
(D) Block policies. Block policies presently approved under this section are:
(i)-(iii) (No change.)
(iv) jeweler's block
[;]
[(fire and
e.c.)]. Covering merchandise of customers such as meats, game, fish, poultry,
fruit, vegetables, and property of a similar nature.
(F)-(I) (No change.)
(J) Fine arts policies covering objects of art such as pictures, bronzes, and
antiques, rare manuscripts and books,
[Articles] of virtu, etc:
(i) (No change.)
(ii) dealers
[fire and e.c.); and
(iii) (No change.)
(K)-(O) (No change.)
(P) Installation risks or builders' risk
[(fire and
e.c.)]. Covering loss to owner, seller, or contractor on account of physical
damage to machinery, equipment, building materials, or building supplies being
used with and during the course of installation, testing, building, renovating,
or repairing of dwelling, commercial, or industrial construction. Such policies
may cover at points or places where work is being performed, while in transit,
and during temporary storage or deposit of property designated for and awaiting
specific installation, building renovating, or repairing. In no event shall any
policy cover such properties while contained in stock of merchandise held for
sale to the public by dealers and such coverage shall be limited to installation
risks or builders' risks where perils in addition to fire and extended coverage
are to be insured. If written for account of owner, the coverage shall cease
upon completion and acceptance thereof or if written for account of a seller or
contractor, the coverage shall terminate when the interest of the seller or
contractor ceases.
(Q)-(GG) (No change.)
(HH) Stamp and coin floaters:
(i) (No change.)
(ii) commercial risks
[(fire and e.c.)]:
(II) self-service storage customer floater polices (filed for policy forms and
endorsements;
[fire and e.c.] for rates) may be issued to
a tenant of a self-storage facility and covering property stored at such
facility. Coverage is limited to property in storage for the perils set forth in
the policies, which must include coverage for property while in transit.
Coverage may not be provided for any motor vehicles subject to motor vehicle
registration and inspection. It is not intended that this coverage definition
will allow coverage of property stored in any facility where the lessor issues a
warehouse receipt, bill of lading, or other document of title relating to the
stored property, or in facilities other than storage facilities that have
multiple storage units. Accordingly, the terms "self-service storage facility"
and "tenant" shall have the meaning prescribed by the Texas Property Code,
sec.59. 000, i.e., self-service storage facility means real property that is
rented to be used exclusively for storage of property and is cared for and
controlled by the tenant. Tenant means a person entitled under a rental
agreement to the exclusive use of storage space at a self-service storage
facility.
(JJ)-(OO) (No change.)
This agency hereby certifies that the proposal has been reviewed by legal
counsel and found to be within the agency's authority to adopt.
Issued in Austin, Texas, on January 13, 1992.
TRD-9200455
Linda K. von Quintus-Dorn
Chief Clerk
Texas Department of Insurance
Earliest possible date of adoption: February 17, 1992
For further information, please call: (512) 463-6327
Plan of Operation of the Texas Market Assistance Program (MAP)
28 TAC sec.sec.5.6601-5.6603, 5.6605-5.6615
(Editor's note: The text of the following sections proposed for repeal will not
be published. The sections may be examined in the offices of the State Board of
Insurance or in the Texas Register office, Room 245, James Earl Rudder Building,
1019 Brazos Street, Austin.)
The State Board of Insurance of the Texas Department of Insurance proposes the
repeal of sec.sec.5.6601-5.6603, 5.6605-5.6615, concerning the plan of operation
of the Texas Market Assistance Program (MAP). The current sections were adopted
in 1990. The repeal of these sections are proposed pursuant to the Texas
Insurance Code, Article 5.76-2, which gives the State Board of Insurance
authority to establish a voluntary market assistance program to reduce the
number of risks insured by the employer's rejected risk fund; and in response to
House Bill 62, sec.18.16, which amends the Texas Insurance Code, Article 5.76-2,
to provide that any fees established and collected for market assistance review
are dedicated to the Texas Workers' Compensation Insurance Facility (TWCIF). It
is anticipated TWCIF will propose an amended plan of operation, through its
rulemaking procedures, for the Market Assistance Program to the Texas Department
of Insurance. The rules are proposed for repeal pursuant to the transfer of the
MAP from the Texas Department of Insurance to TCWIF.
W. R. (Dusty) Rhodes, map coordinator for workers' compensation, has determined
that for the first five-year period the repeals are in effect there will be no
fiscal implications for state or local government as a result of enforcing or
administering the repeals.
W. R. (Dusty) Rhodes also determined that for each year of the first five years
the repeals are in effect the public benefit anticipated as a result of the
repeals will be compliance with the Texas Insurance Code, Article 5.76-2,
sec.5.01. There will be no effect on small businesses. There is no anticipated
economic cost to persons who are required to comply with the repeals as
proposed.
Comments on the proposal may be submitted to W. R. (Dusty) Rhodes, Workers'
Compensation, Mail Code 202-1A, Texas Department of Insurance, P.O. Box 149091,
Austin, Texas 78714-9091.
The repeals are proposed under the Texas Insurance Code, Article 5.62, which
provides the Texas Department of Insurance with the authority to make such rules
and regulations as are necessary to carry out the provisions of
sec.5.6601. Definitions.
sec.5.6602. Effective Date.
sec.5.6603. Application Fee.
sec.5.6605. Data Collection Responsibilities of the MAP Coordinator.
sec.5.6606. Additional Responsibilities of the MAP Coordinator.
sec.5.6607. Types of Statistical Information Maintained.
sec.5.6608. Use of Data.
sec.5.6609. Eligibility.
sec.5.6610. Review Process.
sec.5.6611. Participating Insurers.
sec.5.6612. Confidentiality.
sec.5.6613. Policy Forms and Terms.
sec.5.6614. Request for Market Search Forms.
sec.5.66l5. Agents.
This agency hereby certifies that the proposal has been reviewed by legal
counsel and found to be within the agency's authority to adopt.
Issued in Austin, Texas, on January 13, 1992.
TRD-9200457
Linda K. von Quintus-Dorn
Chief Clerk
Texas Department of Insurance
Earliest possible date of adoption: February 17, 1992
For further information, please call: (512) 463-6327
Chapter 7. Corporate and Financial
Subchapter B. Insurance Holding Company System Regulatory Act
28 TAC sec.sec.7.201-7.205, 7.209-7.213
The State Board of Insurance of the Texas Department of Insurance proposes
amendments to sec.sec.7.201-7.205 and 7.209-7.213, concerning administrative
regulation under the Insurance Holding Company System Regulatory Act (the
Insurance Code, Article 21.49-1). The amendments are necessary to provide
editorial changes and clarifications and to reflect statutory amendments to
Article 21.49-1 enacted by passage of House Bill 2, 72nd Legislature, 1991. The
amendment to sec.7.201 removes the availability to incorporate by reference on
the completely restated registration statement required by sec.7.203(g) and
remove the availability of an extension of time to provide information which is
available but impractical to furnish at the time required to be filed. The
amendment to sec.7.202 expands the definition of affiliate, commissioner,
control, and insurer and provides a definition for immediate family. The
amendment to sec.7.203 removes the exemption provided in the total reinsurance
of a mutual assessment company by a stipulated premium insurance company;
provides that a disclaimer may be filed provided the person filing is in
compliance with the Act, sec.5(a)-(c); requires dividends and distributions to
shareholders to be noticed, utilizing Form HCDividend as adopted by reference;
and, makes dividends to shareholders subject to applicable provisions of the
Insurance Code. The amendment to sec.7.204 broadens the scope for certain
transactions requiring notice or approval and provide that the calculation of
extraordinary dividends or distributions shall be based on the declaration
date(s) of such dividends or distributions. The amendment to sec.7.205 provides
that a change or substitution of an attorney-in-fact of a Lloyd's or reciprocal
or interinsurance exchange is subject to the Act, sec.5; provides for the
docketing of a contested case for the purpose of pre-hearing matters and
motions; provides that mergers contemplated by the Insurance Code, Article
21.28-A, sec.1, are subject to the Act, sec.5(c); and sets forth additional
violations and sanctions. The amendment to sec.7.209 deletes a previous
exemption. The amendment to sec.7.210 requires disclosure of certain additional
transactions and removes a previous exemption. The amendments to sec.7.211 and
sec.7.212 are editorial changes. The amendment to sec.7.213 deletes a previous
exemption. Copies of Form HCDividend may be obtained from the Holding Company
Division, Mail Code 304-2A, Texas Department of Insurance, P.O. Box 149104, 333
Guadalupe, Austin, Texas 78714-9104. Copies are also filed with the secretary of
state.
William L. Doolittle, deputy commissioner, holding company division, has
determined that for the first five-year period the sections are in effect there
will be no fiscal implications for state or local government as a result of
enforcing or administering the sections.
Mr. Doolittle also has determined that for each year of the first five years the
sections are in effect the public benefit anticipated as a result of enforcing
the sections will be more efficient administrative regulation under the
Insurance Code, Article 21.49-1. The effect on small businesses will be the same
as the anticipated economic cost to persons required to comply with the proposed
sections. There is no anticipated difference in cost of compliance between small
and large businesses based on cost per hour of labor. There is no anticipated
economic cost to persons who are required to comply with the proposed amendments
other than for the minimal cost of completing forms reporting on certain
occurrences and transactions.
Comments on the proposal may be submitted to William L. Doolittle, Deputy
Commissioner, Holding Company Division, Mail Code 304-2A, Texas Department of
Insurance, P.O. Box 149104, 333 Guadalupe, Austin, Texas 78714-9104.
The amendments are proposed under the Insurance Code, Article 21.49-1, sec.11,
which authorizes the Texas Department of Insurance to issue such rules,
regulations, and orders as shall be consistent with and shall carry out the
provisions of the Insurance Holding Company System Regulatory Act and to govern
the conduct of its business and proceedings under the Insurance Code, Article
21. 49-1.
sec.7.201. Forms Filings.
(a) General requirements.
(1) The forms that are specified in sec.sec.7.209-7.213 of this title (relating
to Form A, Form B, Form C, Form D, and Form E) are intended to be guides in the
preparation of the statements, notices, and applications required by the
Insurance Code, Article 21.49-1. They are to provide notice of the information
required and the location in which it will be expected to be found. In preparing
any statement, notice, or application, the text of the form need not be repeated
so long as there is clear identity of the matter to which the answer or material
applies. Unless expressly provided otherwise, if any item is inapplicable or the
answer thereto is in the negative, an appropriate statement to that effect shall
be made. The forms specified in sec. s7.209-7.213 are also referred to in this
subchapter as Forms A-E. Form A is also referred to as the acquisition
statement, Form B as the registration statement, Form C as a disclaimer, Form D
as an extraordinary dividend, and Form E as an exemption statement. For use in
accordance with sec.7.210(e), the
[State Board] of
Insurance adopts by reference the biographical affidavit form published by and
available from the
[State Board] of Insurance. Copies
of this form may be obtained from the
[Corporate Activities Division, State Board of Insurance, 1110 San Jacinto
Boulevard], Austin, Texas
[78701-1998].
(2) Three complete originally signed copies of each statement, notice, or
application, including exhibits and all other papers and documents filed as a
part thereof, in connection with any acquisition statement filed under
sec.7.209, and one complete originally signed copy of every other statement,
notice, or application, including exhibits and all other papers and documents
filed as a part thereof, shall be filed with the commissioner by personal
delivery or by mail addressed to:
[Corporate Activities
Division, State Board of Insurance, 1110 San Jacinto Boulevard], Austin, Texas,
[78701-1998]. Each statement, notice, or application shall be
subject to the appropriate filing fee provided for in s7.1301 of this title
(relating to Regulatory Fees). The appropriate filing fee shall be forwarded to
the
[Corporate Activities] Division of the
[State Board] of Insurance under separate cover along with a copy
of the letter transmitting the statement, notice, or application.
(3)-(4) (No change.)
(b) Incorporation by reference, summaries, and omissions.
(1) (No change.)
(2) The right to incorporate by reference does not apply to sec.7.209 and
sec.7.213
[(A)] The person filing shall give such information on the subject as
he possesses or can acquire without unreasonable effort or expense, together
with the sources thereof.
[(B)] The person filing shall include a statement either
demonstrating that unreasonable effort or expense would be involved or
indicating the absence of any affiliation with the person within whose knowledge
the information rests and stating the result of a request made to such person
for the information.
[(2) If any required information, document, or report is available but
impractical to furnish at the time it is required to be filed, there may be
filed with the commissioner as a separate document or as a part of the
application an appropriate statement:
[(A) identifying the information, document, or report in question;
[(B) stating why the filing thereof at the time required is impractical; and
[(C) requesting the waiving of the requirement for filing the information,
document, or report to a specified date. The application shall be deemed granted
unless the commissioner within 30 days after receipt thereof, shall enter an
order denying the application or granting an extension for a period other than
that requested in the application.]
sec.7.202. Definitions.
(a) The following words and terms, when used in this subchapter, shall have the
following meanings, unless the context clearly indicates otherwise.
(1) Act-(No change.)
(2) Affiliate-An affiliate of, or person affiliated with, a specific person, is
a person that directly, or indirectly through one or more intermediaries,
controls, or is controlled by, or is under common control with, the person
specified.
.
(5) Control-The term "control," including the terms "controlling," "controlled
by," and "under common control with," means the possession, direct or indirect,
of the power to direct or cause the direction of the management and policies of
a person, whether through the ownership of voting securities, by contract other
than a commercial contract for goods or nonmanagement services, or otherwise,
unless the power is the result of an official position with or corporate office
held by the person. Control shall be presumed to exist if any person, directly
or indirectly,
owns,
controls, or holds with the power to vote, or
holds [irrevocable] proxies
representing 10% or more of the voting securities or authority of any other
person
. This presumption may be rebutted by a showing made
in the manner provided by the Act, sec.3
[(i)], that control does not
exist in fact
. The commissioner may determine, after
furnishing all persons in interest notice and opportunity to be heard and making
specific findings of fact to support such determination, that control exists in
fact, notwithstanding the absence of a presumption to that effect, where a
person exercises directly or indirectly either alone or pursuant to an agreement
with one or more other persons such a controlling influence over the management
or policies of an authorized insurer as to make it necessary or appropriate in
the public interest or for the protection of the policyholders [or stockholders]
of the insurer that the person be deemed to control the insurer.
(6)-(11) (No change.)
[(12)] Insurance holding company system-Consists of two or more
affiliated persons, one or more of which is an insurer.
[(13)] Insurer-Includes all insurance companies organized or
chartered under the laws of this state, or licensed to do business in this
state, including capital stock companies, mutual companies,
title insurance companies, fraternal benefit societies,
local mutual aid associations, local mutual burial associations, statewide
mutual assessment companies, county mutual insurance companies, Lloyds' plan
companies, reciprocal or interinsurance exchanges, stipulated premium insurance
companies and group hospital service companies, and any other entity which is
made subject to the Insurance Code, Article 21.49-1, by applicable law, except
that it shall not include agencies, authorities, or instrumentalities of the
United States, its possessions and territories, the Commonwealth of Puerto Rico,
the District of Columbia, or a state or political subdivision of a state.
[(14)] Person-An individual, a corporation, a partnership, an
association, a joint stock company, a trust, an unincorporated organization, any
similar entity or any combination of the foregoing acting in concert, but shall
not include any securities broker performing no more than the usual and
customary broker's function.
[(15)] Security holder -Of a specified person is one who owns any
security of such person, including common stock, preferred stock, debt
obligations, and any other security convertible into or evidencing the right to
acquire any of the foregoing. The term "debt obligation" shall not include
trade, commercial, or open accounts, matured claims, or agents' commissions.
[(16)] Subsidiary-Of a specified person is an affiliate controlled
by such person directly or indirectly through one or more intermediaries.
[(17)] Ultimate controlling person-That person which is not
controlled by another person (as defined in this subsection).
[(18)] Voting security -Any security or other instrument giving or
granting to the holder the power to vote at a meeting of shareholders of a
person for or against the election of directors or any other matter involving
the direction of the management and policies of such person, or any other
security or instrument which the
[State Board] of
Insurance deems to be of similar nature including, but not limited to, those
described in such rules and regulations as the
[State
Board] of Insurance may prescribe in the public interest as a voting security.
(b) (No change.)
sec.7.203. Registration of Insurers.
(a)-(d) (No change.)
(e) Amendments to registration statements. Each registered insurer shall keep
current the information required to be disclosed in its registration statement
by reporting all material changes or additions (whether single transactions or
cumulative in total). Such amendment shall be in accordance with sec.7.210 of
this title (relating to Form B), the registration statement, the cover page
requirements of sec.7.201(d) of this title (relating to Forms Filings), and with
a positive statement as to the items of the form not being amended instead of
setting out such unamended portions. Such amendment shall be filed within 15
days after the end of the month in which the registered insurer learns of each
such change or addition [; provided, however, that subject to the provisions of
these sections, relating to notice of declaration of extraordinary dividends and
distributions each registered insurer shall so report to the commissioner all
dividends and other distributions to shareholders within two business days
following the declaration thereof].
[Provided, however, that any]
transaction
that is formally approved by official order of the commissioner under any of the
following enumerated provisions shall be deemed to be an amendment to the
registration statement without further action or filing:
(1)-(9) (No change.)
(10) [the Insurance Code, Article 22.15;]
[(11)] the Insurance Code, Article 22.19, provided that the reinsurance is a
total direct reinsurance; and
[(12)] any other transaction formally approved by official order of
the commissioner under authority authorized by any other provisions of the
Insurance Code.
(f) Material changes. The following occurrences shall, without limitation on the
meaning of the phrase "material changes," be deemed to be material changes for
the purposes of filing an amendment to the registration statement:
(1)-(5) (No change.)
(6) any transaction with an affiliate or affiliates which, when taken together
with all other transactions with affiliates (excluding those transactions
approved under sec.7.204(a)(1) of this title (relating to Commissioner's
Approval Required) and those transactions for which notification is given under
sec.7.204(a)(2) occurring within 12 months next preceding, in the aggregate or
cumulatively involve
[either] 1/2 of 1.0% or more of an
insurer's admitted assets, or 5.0% or more of an insurer's surplus,
[determined by whichever is the lesser,] as of the 31st day
of December next preceding. In such case, sec.7.210(c) and (f) shall be made
current together with a report of all transactions with affiliates regardless of
size within 12 months next preceding. After such transactions are reported and
the filings pursuant to sec.7.210(c) and (f) are made current, each subsequent
transaction with an affiliate which, when taken together with those transactions
which occurred within the 12 months next preceding, were reported pursuant to
this subsection and which aggregately or cumulatively involve
[either] 1/2 of 1.0% or more of an insurer's admitted assets, or 5.0% or
more of an insurer's surplus,
[determined by whichever is the
lesser,] as of the 31st day of December next preceding, shall be reported
pursuant to sec.7.203(e) of this title (relating to Registration of Insurers).
(g)-(j) (No change.)
(k) Exemptions. The provisions of this section shall not apply to any insurer,
information, or transaction if and to the extent that the
board by rule, regulation, or order shall exempt the same.
(l) Disclaimer. Any person may file with the commissioner a disclaimer of
control or affiliation with any insurer, or such a disclaimer may be filed by
such insurer or any member of an insurance holding company system. The
disclaimer shall be in accordance with sec.7.211 of this title (relating to Form
C) and shall disclose all material relationships and bases for affiliation
between such persons and such insurer as well as the basis for disclaiming such
affiliation. A copy of any disclaimer filed with the commissioner, if the
affected insurer is not a party thereto, shall also be furnished by the
applicant to the insurer at the same time it is filed with the commissioner. The
insurer shall, within 15 business days after receipt thereof, unless the time is
extended by the commissioner for good cause, respond to the matters raised in
the disclaimer [if it does not have a current registration statement on file
with the commissioner]. After a disclaimer has been filed, the insurer shall be
relieved of any duty to register or report under subsection (a) of this section
which may arise out of the insurer's relationship with such person unless and
until the commissioner disallows such a disclaimer.
The commissioner shall disallow such
a disclaimer only after furnishing all parties in interest with notice and
opportunity to be heard and after making specific findings of fact to support
such disallowance. After a disclaimer of control or affiliation has been filed
by any person, any acquisition, in any manner, directly or indirectly, of a
voting security of the domestic insurer by such person shall be subject to the
Act, sec.5, in absence of the filing, within five business days, of an amendment
which shall make current the disclaimer of control or affiliation previously
filed pursuant to this subsection.
(m) (No change.)
;
(C) (No change.)
[(D)] any material transactions which the commissioner has determined
after notice may adversely affect the interest of the insurer's policyholders
[or stockholders] or of the public [including, but not limited to, management or
service agreements, cost sharing agreements, rental or leasing agreements,
agreements to consolidate federal income tax returns, and transactions with
affiliate financial institutions].
[(3)] Nothing herein contained shall be deemed to authorize or permit
any transactions which, in the case of a noncontrolled insurer, would be
otherwise contrary to law.
[(4)] The commissioner, in reviewing transactions hereunder, shall
consider whether the transactions comply with the standards set forth in
subsection (c) of this section and whether they may adversely affect the
interest of policyholders. Any disapproval by the commissioner of any such
transactions shall set forth the specific reasons for such disapproval.
[(5)] The approval of any transaction under this subsection shall be
deemed an amendment under sec.7.203(e) of this title (relating to Registration
of Insurers) to an insurer's registration statement without further filing.
(b) Transactions. Requests for approval of transactions pursuant to subsection
(a)(1) of this section and notices of proposed transactions pursuant to
subsection (a)(2) of this section, shall be accompanied by descriptions of the
essential features of such transactions which are reasonably adequate to permit
proper evaluation thereof by the commissioner. Such descriptions shall in all
cases include at least the following: the nature and purpose of the transaction;
the nature and amounts of any payments or transfers of assets between the
parties; the identities of all parties to such transactions; whether any
officers or directors of a party are pecuniarily interested therein, and copies
of any proposed contracts, agreements, or memoranda of understanding between the
parties relating to the transaction along with sufficient competent
documentation evidencing compliance with the standards specified in the Act,
sec.4(a), and evidencing that the transaction will not adversely affect the
interest of policyholders.
No such
request or notice shall be deemed filed with the commissioner until the date all
such material has been provided.
(c) (No change.)
(d)
[Dividends] and other distributions.
(1) (No change.)
(2) For purposes of these sections, an extraordinary dividend or distribution
[is governed by the Act, sec.4>(c)(2)].
(3) (No change.)
(e) (No change.)
sec.7.205. Acquisition Statements -Filing Requirements.
(a) Domestic insurer defined. Filing and other regulatory requirements for
acquisitions of control and certain other matters as specified in the Act,
sec.5(a), are governed by the Act, sec.5(a). For purposes of this subsection, a
domestic insurer as defined in the Act, sec.5(a)(2), shall include any person
controlling a domestic insurer unless such person is either directly or through
its affiliates primarily engaged in business other than the business of
insurance.
A
failure to file complete and accurate information in all material respects is
grounds for a denial by the commissioner under the Act, sec.5(c).
(b) Form and content of statement. The statement required by subsection (a) of
this section (elsewhere referred to as acquisition statement) shall be made in
accordance with sec.7.209 of this title (relating to Form A), the acquisition
statement. The acquiring party shall provide additional financial information in
the form or substance as required by the commissioner which is material to the
finding required by the Act, sec.5(c)(1)(iii). Any financial information
required under the Act, sec.5(b)(3), may be waived by the commissioner if such
information is not deemed material. No statement required by subsection (a) of
this section shall be deemed filed with the commissioner until on the date all
such material required and sufficient to constitute a full statement has been
provided.
are subject to
the Act, sec.5(c). The acquiring party shall have the burden of providing
sufficient competent evidence for the commissioner to make the determinations
required under the Act, sec.5(c)(1).
(g)-(l) (No change.)
[State Board] of Insurance, date: , 19 . Name, title, address, and telephone
number of individual to whom notices and correspondence concerning this
statement should be addressed:
___________________________________________________________
________________________________________________________________________________
_______________________________________
___________________________________________________________.
(b)-(l) (No change.)
(m) Financial statements and exhibits.
(1) (No change.)
(2) [Subject to sec.7.201(e) of this title (relating to Forms Filings), the]
financial statements shall include the annual financial statements
of the persons identified in subsection (c)(3) of this section for the preceding
three fiscal years (or for such lesser period as such applicant and its
affiliates and any predecessors thereof shall have been in existence), and
similar unaudited financial information as of a date not earlier than 120 days
prior to the filing of the statement, accompanied by affidavit or certification
of the chief financial officer of the applicant that such unaudited financial
statement is true and correct, as of its date, and that there has been no
material change in financial condition, as defined by the Act, sec.3, from the
date of the financial statement to the date of the affidavit or certification.
Such statements may be prepared on either an individual basis, or, unless the
commissioner otherwise requires, on a consolidated basis if such consolidated
statements are prepared in the usual course of business. Unless exempted by the
commissioner, the annual financial statements of the applicant shall be made in
accordance with generally accepted auditing standards and accompanied by the
certificate of an independent certified public accountant to the effect that
such statements present fairly the financial position of the applicant and the
results of its operations for the year then ended, in conformity with generally
accepted accounting principles or with requirements of insurance or other
accounting principles prescribed or permitted under law. If such certificate is
not available, then such financial statement shall be sworn to by the applicant
as correctly reflecting its financial condition, and in such case, the
commissioner of insurance at the commissioner's discretion may require such
financial statement to be certified by an independent public accountant. If the
applicant is an insurer which is actively engaged in the business of insurance
and licensed to do business in this state, it may provide financial statements
which conform to the annual statements of the insurer filed with the insurance
department of the insurer's domiciliary state and which are in accordance with
the requirements of insurance or other accounting principles prescribed or
permitted under the law and regulations of the domiciliary state. If the
applicant is an individual person, such person shall provide a reviewed
financial statement accompanied by the certificate of an independent public
accountant that he is not aware of any material modifications that should be
made to the accompanying financial statement in order for it to be in conformity
with generally accepted accounting principles and shall provide a balance sheet
as of a date not earlier than 120 days prior to the filing of the statement and
balance sheets for the second and third fiscal years preceding the filing of the
statement accompanied by affidavit or certification that each balance sheet is
true and correct as of its date.
(3)-(4) (No change.)
(n) (No change.)
sec.7.210. Form B.
(a) Insurance holding company system registration statement. Filed with
[State Board] of Insurance by (name of registrant) on
behalf of the following insurance companies. Name, address
___________________________________________________________ date: , 19 . Name,
title, address, and telephone number of individual to whom notices and
correspondence concerning this statement should be addressed:
____________________________________________________________
____________________________________________________________
____________________________________________________________
___________________________________________________________.
(b) (No change.)
(c) Organizational chart. Furnish a chart or listing clearly presenting the
identities of and interrelationships among all affiliated persons within the
insurance holding company system
. The
chart or listing should show the percentage of each class of voting securities
of each affiliate which is owned, directly or indirectly, by another affiliate.
If control of any person within the system is maintained other than by the
ownership or control of voting securities, indicate the basis of such control.
As to each person specified in such chart or listing indicate the type of
organization (e.g., corporation, trust, partnership) and the state or other
jurisdiction of domicile.
(d) (No change.)
(e) Biographical information. Furnish biographical data for the ultimate
controlling person(s) if such person is an individual, or for the directors and
executive officers of the ultimate controlling person if the ultimate
controlling person is not an individual, with such biographical data in the form
of the biographical affidavit form adopted by reference under sec.7.201(a)(1) of
this title (relating to Forms Filings). Copies of this form are available from
the
[Corporate Activities] Division,
[State Board] of Insurance,
[1110 San Jacinto Boulevard], Austin, Texas
[78701-1998].
(f) Transactions, relationships, and agreements.
(1) Briefly describe the following agreements in force, relationships
subsisting, and transactions currently outstanding between the registrant and
its holding company, its subsidiaries, and its affiliates:
(A)-(E) (No change.)
(F) reinsurance agreements covering all or substantially all of one or more
lines of insurance of the ceding company; [and]
[(G)] any affiliated transaction not disclosed previously which is
subject to the Act, sec.4(d);
.
(2) (No change.)
(g) (No change.)
(h) Financial statements and exhibits.
(1) (No change.)
(2) The financial statements shall include the annual financial statements
(including profit and loss) of the ultimate controlling person in the insurance
holding company system as of the end of the person's latest fiscal year and all
subsidiaries of the registrant. Such financial statements may be prepared on
either an individual basis, or unless the commissioner otherwise requires, on a
consolidated basis if such consolidated statements are prepared in the usual
course of business. [Unless the commissioner otherwise permits pursuant to
sec.7.201(e) of this title (relating to Forms Filings), the]
annual
financial statements shall be accompanied by the certificate of an independent
public accountant to the effect that such statements present fairly the
financial position of any ultimate controlling person (other than a natural
person) and the results of its operations for the year then ended, in conformity
with generally accepted accounting principles or with requirements of insurance
or other accounting principles prescribed or permitted under law. If the
ultimate controlling person is an insurer which is actively engaged in the
business of insurance, the annual financial statements need not be certified,
provided they are based on the annual statement of such insurer filed with the
insurance department of the insurer's domiciliary state and are in accordance
with requirements of insurance or other accounting principles prescribed or
permitted under the law and regulations of such state. Exhibits shall include
copies of the latest annual reports to shareholders of the ultimate controlling
person and proxy material used by the ultimate controlling person; and any
additional documents or papers required by regulation.
(i)-(j) (No change.)
sec.7.211. Form C.
(a) Disclaimer of control or affiliation filed with the Texas
[State Board] of Insurance by ________________________ (name of applicant). Name
of company or companies whose relationship is disclaimed:
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
__________, date: ____________, 19__. Name, title, address, and telephone number
of individual to whom
correspondence concerning this
statement should be addressed:
____________________________________________________________________
___________________________________________________________
___________________________________________________________.
(b)-(f) (No change.)
sec.7.212. Form D.
(a) Notice of declaration of extraordinary dividend. Filed with the
[State Board] of Insurance by ________________ (name of insurer),
date: , 19 . Name, title, address, and telephone number of individual to whom
notices and correspondence concerning this statement should be addressed
[.]
______________________________________________________________________________
___________________________________________________________
___________________________________________________________.
(b)-(p) (No change.)
sec.7.213. Form E.
(a) Statement regarding the exemption from approval of the acquisition of
control of a domestic insurer
[:] Name of domestic insurer:
______________________ Name of acquiring person
(applicant):____________________. Filed with the Texas
[State
Board] of Insurance, date: ____________, 19__. Name, title, address, and
telephone number of individual to whom notices and correspondence concerning
this statement should be addressed:
___________________________________________________________
___________________________________________________________
___________________________________________________________
___________________________________________________________.
(b)-(g) (No change.)
(h) Financial statements and exhibits.
(1) (No change.)
(2) [Subject to sec.7.201(e) of this title (relating to Forms Filings), the]
financial statements shall include the annual financial statements
of the persons identified in subsection (c)(1) of this section for the preceding
fiscal year, and similar unaudited financial information as of a date not
earlier than 120 days prior to the filing of the statement, accompanied by
affidavit or certification of the chief financial officer of the applicant that
such unaudited financial statement is true and correct, as of its date, and that
there has been no material change in financial condition, as defined by Act,
sec.3, from the date of the financial statement to the date of the affidavit or
certification. Such statements may be prepared on either an individual basis,
or, unless the commissioner otherwise requires, on a consolidated basis if such
consolidated statements are prepared in the usual course of business. Unless
exempted by the commissioner, the annual financial statement of the applicant
shall be made in accordance with generally accepted auditing standards and
accompanied by the certificate of an independent certified public accountant to
the effect that such statement presents fairly the financial position of the
applicant and the results of its operations for the year then ended, in
conformity with generally accepted accounting principles or with requirements of
insurance or other accounting principles prescribed or permitted under law. If
such certificate is not available, then such financial statement shall be sworn
to by the applicant as correctly reflecting its financial condition, and in such
case, the commissioner of insurance at the commissioner's discretion may require
such financial statement to be certified by an independent public accountant. If
the applicant is an insurer which is actively engaged in the business of
insurance and licensed to do business in this state, it may provide financial
statements which conform to the annual statement of the insurer filed with the
insurance department of the insurer's domiciliary state and which are in
accordance with the requirements of insurance or other accounting principles
prescribed or permitted under the law and regulations of the domiciliary state.
If the applicant is an individual person, such person shall provide for the
preceding fiscal year a reviewed financial statement accompanied by the
certificate of an independent public accountant that he is not aware of any
material modifications that should be made to the accompanying financial
statement in order for it to be in conformity with generally accepted accounting
principles and a balance sheet as of a date not earlier than 120 days prior to
the filing of the statement accompanied by affidavit or certification that the
balance sheet is true and correct as of its date. Any financial information
required by this subsection may be waived by the commissioner if such
information is not deemed material.
(3) (No change.)
(i) (No change.)
This agency hereby certifies that the proposal has been reviewed by legal
counsel and found to be within the agency's authority to adopt.
Issued in Austin, Texas, on January 13, 1992.
TRD-9200453
Linda K. von Quintus-Dorn
Chief Clerk
Texas Department of Insurance
Earliest possible date of adoption: February 17, 1992
For further information, please call: (512) 463-6327
Chapter 21. Trade Practices
Subchapter C. Unfair Claims Settlement Practices
28 TAC sec.sec.21.202-21.204
The State Board of Insurance of the Texas Department of Insurance proposes
amendments to sec.sec.21.202-21.204 concerning unfair claims settlement
practices. The amendments are necessary to implement Legislative amendments to
the Insurance Code, Article 21.21-2. The enactment of the new Insurance Code,
Article 21.55, relating to the prompt payment of claims establishes a new
standard for claim payments. Failure to meet the standard is being proposed as
an additional unfair claims practice. Amendments to the Insurance Code, Article
21.21-2, require deletion of language in sec.21.202 of this title, limiting the
application of the Unfair Claims Settlement Practices law to insurers operating
under Subchapter C of Chapter 3 or Subchapter A, B, and C of Chapter 5 of the
Insurance Code; repeal of language in sec.21.203 of this title requiring defined
acts to be committed without cause and with frequency in order for the acts to
be considered unfair claims settlement practices.
Bill Maschal, acting associate commissioner for consumer services, Texas
Department of Insurance, has determined that, for the first five-year period the
proposed amendments will be in effect, there will not be fiscal implications as
a result of enforcing or administering the amendments.
Mr. Maschal also has determined that for each year of the first five years the
amendments are in effect, the public benefit anticipated as a result of
enforcing the amendments will be fair settlement of claims. There will be no
effect on small businesses. There is no anticipated economic cost to persons who
are required to comply with the proposed amendments.
Comments on the proposal may be submitted to Bill Maschal, acting associate
commissioner for consumer services, Mail Code 111-1A, Texas Department of
Insurance, P.O. Box 149091, Austin, Texas 78714-9091.
The amendments are proposed under the Insurance Code, Article 1.04, which
provides the Texas Department of Insurance with the authority to determine
policy and rules in accordance with the laws of this state; and under the
Insurance Code, 21.21-2, which provides the State Board of Insurance with the
authority to adopt regulations defining unfair claims settlement practices.
sec.21.202. Definitions. The following words or phrases, as used in these
regulations, shall have the meanings placed opposite them, unless the explicit
wording of a regulation shall otherwise direct.
[Chapter 3, Subchapter G, or
the Insurance Code, Chapter 5, Subchapters A, B, or C, as amended], and
including (when applicable) proprietorships, partnerships, corporations, and
unincorporated associations, and:
[stock and mutual life, health, accident,
fire, casualty, fire and casualty, hail, storm, title, and mortgage guarantee
companies; mutual assessment companies; local mutual aid associations; local
mutual burial associations; statewide mutual assessment companies; stipulated
premium companies; fraternal benefit societies; group hospital service
organizations; county mutual insurance companies; Lloyds; reciprocal or
interinsurance exchanges; and farm mutual insurance companies] when transacting
such business.
Policyholder-The owner of a policy, certificate, or binder of insurance, and
any insured, named insured, or obligee under a bond.
Third-party coverage -Benefits and other rights provided by an insurance
contract to any person other than the insured.
sec.21.203. Unfair Claim Settlement Practices. No insurer shall engage in unfair
claim settlement practices. Unfair claim settlement practices means committing
or performing [with such frequency as to indicate a general business practice]
any of the following:
(1) (No change.)
(2) Failing to acknowledge with reasonable promptness pertinent communications
with respect to claims arising under its policies, provided that "pertinent
communications" shall exclude written communications that are direct responses
to specific inquiries made by the insurer after initial report of a claim. An
acknowledgement within 15
[working] days is presumed to be
reasonably prompt.
(3)-(5) (No change.)
(6) failure of any insurer to maintain a complete record of all complaints which
it has received during the preceding three years or since the date of its last
examination by the Commissioner of Insurance, whichever time is shorter. This
record must [shall] indicate the total number of complaints, their
classification by line of insurance, the nature of each complaint, the
disposition of these complaints, and the time it took to process each complaint.
[A record of such complaints maintained in substantially the form as indicated
on Exhibit A attached hereto will be presumed to be in compliance with this
requirement, but Exhibit A shall not be considered as the exclusive method to
record such complaints. Exhibit A is incorporated herein by reference. A copy of
Exhibit A may be obtained from the Business Practices and Enforcement Division,
State Board of Insurance, 1110 San Jacinto Street, Austin, Texas 78786.]
(7)-(9) (No change.)
(10) Failing to affirm or deny coverage of a claim to a policyholder within a
reasonable time after proof of loss statements have been completed. [The taking
of a nonwaiver agreement or the submission of a reservation of rights letter by
an insurer to the policyholder within a reasonable time is deemed compliance
with the provisions of this paragraph.]
(11) (No change.)
(12) Attempting to settle a claim for less than the amount to which a reasonable
person would have believed she/he was entitled [by reference to written or
printed advertising material accompanying or made part of an application].
(13)-(17) (No change.)
If it should be
found by the
[State Board of Insurance]
based on
or complaints of unfair claim settlement practices
as described in sec.21.203 of this title (relating to Unfair Claims Settlement
Practices), that an insurer [is substantially out of line and] should be
subjected to closer supervision with respect to such practices, it may require
such insurer to file a report at such periodic intervals as the board deems
necessary. [For purposes of this section, the term "substantially out of line"
means "a patently disproportionate number of complaints to indicate the
existence of a pattern of unfair claim settlement practices as that term is
defined in sec.21.203 of this title (relating to Unfair Claims Settlement
Practices").] Such periodical reports shall contain the following information:
(1)-(5) (No change.)
This agency hereby certifies that the proposal has been reviewed by legal
counsel and found to be within the agency's authority to adopt.
Issued in Austin, Texas, on January 13, 1992.
TRD-9200454
Linda von Quintus-Dorn
Chief Clerk
Texas Department of Insurance
Earliest possible date of adoption: February 17, 1992
For further information, please call: (512) 463-6327
Chapter 25. Insurance Premium Finance
Subchapter H. Annual Reports, Examinations, and Assessments
28 TAC sec.25.716
The State Board of Insurance of the Texas Department of Insurance proposes new
sec.25.716, concerning the general administrative expense assessment of
insurance premium finance companies in fiscal year 1992. This section is
proposed to provide a rate of assessment sufficient to meet the expenses of
performing the department's statutory responsibilities for examining,
investigating, and regulating insurance premium finance companies. Under s25.
716, the department levies a rate of assessment to cover fiscal year 1992's
general administrative expense and collects from each insurance premium finance
company on the basis of a percentage of total loan dollar volume for the 1991
calendar year.
Kenneth J. Ramoin, director of accounting, has determined that for the first
five-year period the section is in effect there will be a fiscal impact
equivalent on small businesses as on large businesses per $1.00 of loan volume,
or a $250 minimum payment, for companies required to comply with this section.
The fiscal impact on state government will be income estimated at $153,978 to
the department's fund 036. However, there is no fiscal implication for local
government as a result of enforcing or administering the proposed new section.
Mr. Ramoin also has determined that for each year of the first five years the
new section is in effect the public benefit anticipated as a result of enforcing
the section will be the facilitation in the collection of an assessment to cover
the general administrative expense connected to the regulation of insurance
premium finance companies. There is no anticipated economic cost to persons as
the assessment is imposed on business entities.
Comments may be submitted to Kenneth J. Ramoin, director of accounting, Mail
Code #108-3A, Texas Department of Insurance, P.O. Box 149104, Austin, Texas
78714-9104.
The new section is proposed under the Texas Insurance Code, Article 24.06(c) and
Article 24.09. Article 24.06(c) provides that each insurance premium finance
company licensed by the department shall pay an amount assessed by the
department to cover the direct and indirect cost of examinations and
investigations and a proportionate share of general administrative expense
attributable to regulation of insurance premium finance companies. Article 24.09
authorizes the department to adopt and enforce rules necessary to carry out
provisions of the Texas Insurance Code concerning the regulation of insurance
premium finance companies.
sec.25.716. General Administrative Expense Assessment, Fiscal Year 1992. On or
before April 1, 1992, each insurance premium finance company holding a license
issued by the Texas Department of Insurance under the Texas Insurance Code,
Chapter 24, shall pay to the department an assessment made by the department to
cover the general administrative expenses attributable to the regulation of
insurance premium finance companies. Payment shall be made to the Texas
Department of Insurance, 333 Guadalupe Street, Mail Code #105-2A, Austin, Texas
78701-3938. The assessment to cover general administrative expenses shall be
computed and paid as follows.
(1) The amount of the assessment shall be computed as 0.01012 of 1.0% of the
total loan dollar volume of the company for the calendar year 1991.
(2) If the amount of assessment computed under paragraph (1) of this section is
less than $250, a minimum assessment of $250 shall be levied and collected.
This agency hereby certifies that the proposal has been reviewed by legal
counsel and found to be within the agency's authority to adopt.
Issued in Austin, Texas, on January 13, 1992.
TRD-9200303
Linda K. von Quintus-Dorn
Chief Clerk
Texas Department of Insurance
Earliest possible date of adoption: February 17, 1992
For further information, please call: (512) 463-6327
TITLE 31. NATURAL RESOURCES AND CONSERVATION
Part XVII. Texas State Soil and Water Conservation Board
Chapter 519. Technical Assistance
Subchapter A. Technical Assistance Program
31 TAC sec.519.8
The Texas State Soil and Water Conservation Board proposes an amendment to
sec.519.8, concerning eligible pay rates for soil and water conservation
district technicians.
William C. Neiser, director of programs, has determined that for the first five-
year period the section is in effect there will be no fiscal implications for
state or local government as a result of enforcing or administering the section.
Mr. Neiser also has determined that for each year of the first five years the
section is in effect the public benefit anticipated as a result of enforcing the
section will be maintenance of quality technical assistance personnel. There
will be no effect on small businesses. There is no anticipated economic cost to
persons who are required to comply with the section as proposed.
Comments on the proposal may be submitted to Robert G. Buckley, Executive
Director, Texas State Soil and Water Conservation Board, P.O. Box 658, Temple,
Texas 76503.
The amendment is proposed under Chapter 201.020, Agriculture Code, which
provides the Texas State Soil and Water Conservation Board with the authority to
adopt rules as necessary for the performance of its functions under the
Agriculture Code.
sec.519.8. Eligible Pay Rates. The state board hereby establishes maximum pay
rates of
[$6.50] per hour or
[$13, 500] per year
and maximum hours per week of 40 hours. With the prior approval of the state
board a district may exceed the maximum pay rate or maximum hours per week.
Expenditures for wages or salaries that are above the maximum pay rate or
expenditures for hours over the maximum hours per week will not otherwise be
eligible for reimbursement.
This agency hereby certifies that the proposal has been reviewed by legal
counsel and found to be within the agency's authority to adopt.
Issued in Temple, Texas, on January 7, 1992.
TRD-9200296
Robert G. Buckley
Executive Director
Texas State Soil and Water Conservation Board
Earliest possible date of adoption: February 17, 1992
For further information, please call: (817) 773-2250
TITLE 34. PUBLIC FINANCE
Part I. Comptroller of Public Accounts
Chapter 3. Tax Administration
Subchapter X. Pari-Mutuel Wagering Racing Revenue
34 TAC sec.3.641
The Comptroller of Public Accounts proposes an amendment to sec.3.641,
concerning pari-mutuel wagering. The purpose of the amendment is to revise and
clarify the responsibilities of horse and greyhound racing associations licensed
by the Texas Racing Commission with regard to collection, deposit, reporting,
and accounting for the state portion of pari-mutuel wagering revenues and
related funds; minimum standards for pari-mutuel wagering equipment used to
compute the state share of pari-mutuel wagering revenues to reflect amendments
to the Texas Racing Act enacted by the 72nd Legislature, 1991.
Tom Plaut, chief revenue estimator, has determined that for the first five-year
period the proposed section will be in effect there will be no significant
revenue impact on the state or local government as a result of enforcing or
administering the section. This section is adopted under the Tax Code, Title 2,
and does not require a statement of fiscal implications for small businesses.
Dr. Plaut also has determined that for each year of the first five years the
section is in effect there will be no significant public cost or benefit. There
is no anticipated economic cost to persons who are required to comply with the
proposed section.
Comments on the proposal may be submitted to Cril Payne, General Counsel, P.O.
Box 13528, Austin, Texas 78711.
The amendment is proposed under Texas Civil Statutes, Article 179e, sec.4.03,
which provides the comptroller with the authority to adopt rules relating to the
administration and enforcement of the provisions of the Texas Racing Act.
sec.3.641. Pari-Mutuel Wagering.
(a) Definitions. The following words and terms, when used in this section, shall
have the following meanings, unless the context clearly indicates otherwise.
(1) Association-A horse or greyhound association licensed by the commission to
conduct races with pari-mutuel wagering or the authorized agent of such an
association.
(A) -(C) (No change.)
[(D)] Greyhound association -An association licensed by the
commission for the purpose of conducting greyhound races with pari-mutuel
wagering.
[(3)] Comptroller-The Comptroller of Public Accounts or an authorized
agent of the Comptroller of Public Accounts.
[(4)] State approved depository-A bank approved as a depository of
state funds by the state depository board.
[(5)] Totalisator company-A company selling, leasing, servicing,
maintaining, or operating automated electronic computer hardware and software to
calculate, record, display, and store pari-mutuel wagering information.
(b) Collection/deposit of
[state portion of] pari-mutuel wagering revenues; reports to the comptroller.
[(1)] In each locality with licensed Class 1, Class 2, or greyhound
associations, the State Treasurer has agreed to open an interest- bearing
account in a local state-approved depository to be used for deposit of the state
share of pari-mutuel wagering proceeds.
[(2)] After each racing day, a representative of a Class 1, Class 2,
or greyhound association shall deposit to the state account by 10 a.m. of the
next banking day the
[state] total share
[of the] pari-mutuel
[pool] for all races
[conducted] since the last deposit.
[(3)] All deposits to the state account must be in cash or by check
drawn on an association account in the state-approved depository bank or by
telephone transfer from an association account in the state-approved depository
bank.
(A) (No change.)
(B) Class 3
associations must transmit a check covering the
amount of the state's share to the comptroller by 10 a.m. of the next banking
day after the performance by express mail for one day delivery. The check must
be attached to the performance pari-mutuel summary report.
[(4)] After each racing performance, information must be reported to
the comptroller.
(A)