1. (a) Purpose and Scope. As required by Texas Civil Statutes, Article 6252-33, the purpose of this section is to set out the purpose of the Advisory Committee for the Interim Study of Agents and Agents' Licenses Statutes; define its tasks and the manner in which it will report to the department; specify its membership; and set its duration. The advisory committee is established pursuant to Insurance Code, Article 21.15-7.
2. (b) Purpose of the Advisory Committee. The purpose of the advisory committee is to assist the commissioner in performing the review and evaluation of agents and agents' licenses statutes so that the commissioner may make a report to the legislature on any changes needed to address new insurance marketing methods and new technologies; to reduce the number and types of agents' licenses; to determine which statutory provisions should apply to all agents' licenses; and to address other problems which may exist with agents' licensing requirements.

3. (c) Tasks. The tasks of the advisory committee include those tasks specified in the following paragraphs.

   1. (1) The advisory committee shall review and evaluate the current agents and agents' licenses statutes to determine any changes needed to address new insurance marketing methods and new technologies; to reduce the number and types of agents' licenses; to determine which statutory provisions should apply to all agents' licenses; and to address other problems which may exist with agents' licensing requirements. Following its review and evaluation of current agents and agents' licenses statutes, the advisory committee shall submit a report of its findings and recommendations to the commissioner.
   2. (2) The advisory committee shall advise and consult with the commissioner or the commissioner's representative during its review and evaluation of current agents and agents' licenses statutes.
   3. (3) The advisory committee may advise the commissioner on the need for subcommittees or workgroups to fulfill its tasks.
   4. (4) The advisory committee shall perform other tasks as requested by the commissioner pursuant to Insurance Code, Article 21.15-7.
4. (d) Reporting Requirements. After completion of its review and evaluation of current agents and agents' licenses statutes, the advisory committee shall submit a report of its findings and recommendations to the commissioner no later than September 1, 1998.

5. (e) Membership. Pursuant to Insurance Code, Articles 21.15-7 and 1.35C, and Texas Civil Statutes, Article 6252-33, the membership of the advisory committee shall consist of the following:

   1. (1) Twelve members composed of: one member who represents the interests of independent agents; one member who represents the interests of life and health agents; one member who represents the interests of captive agents; one member who represents the interests of direct writer insurers; one member who represents the interests of insurers using the agency system; six members who represent the interests of consumers; one member who represents the interests of banks; and other members the commissioner believes could contribute to the evaluation; and
   2. (2) The commissioner or the commissioner's representative, who shall be an ex officio member and must be present at every advisory committee meeting. Any member who resigns from the advisory committee shall be replaced by the commissioner with another member representing the same interest as the member who resigned.
6. (f) Duration. The advisory committee shall automatically terminate on December 31, 1998, unless, before its termination, the commissioner extends its duration.

Source Note:The provisions of this §19.1901 adopted to be effective November 17, 1997, 22 TexReg 10967.