Texas SB1642 revises the Texas Department of Insurance's governance structure by replacing the commissioner with a state commission of insurance.

Texas SB1642 amends the Texas Insurance Code to replace the commissioner of insurance with a state commission of insurance. The governor, with the advice and consent of the senate, appoints members to the commission, including one with expertise in insurance regulation, one in insurance administration, and one in insurance consumer advocacy. Members serve staggered terms of two, four, and six years. The governor designates one member as the presiding officer, who serves a two-year term and cannot be reappointed more than once within six years.

Texas SB1642 revises the Texas Department of Insurance's governance structure by replacing the commissioner with a state commission of insurance.

Texas SB1642 amends the Texas Insurance Code to replace the commissioner of insurance with a state commission of insurance. The governor, with the advice and consent of the senate, appoints members to the commission, including one with expertise in insurance regulation, one in insurance administration, and one in insurance consumer advocacy. Members serve staggered terms of two, four, and six years. The governor designates one member as the presiding officer, who serves a two-year term and cannot be reappointed more than once within six years.