---
type: "Bill"
title: "Relating to the pledge or encumbrance of an insurer's assets under the Asset Protection Act."
description: "Relating to the pledge or encumbrance of an insurer's assets under the Asset Protection Act."
jurisdiction: "us/states/tx"
legislature: "Texas Legislature"
session: "87"
identifier: "SB 1954"
citation: "Texas SB 1954 (87)"
classification: ["bill"]
subjects: ["INSURANCE", "COMMISSIONER OF (V0396)", "Insurance--General (I0445)", "Insurance--Insurers & Agents (I0425)"]
status: "enacted"
primary_sponsors: ["Hancock", "Oliverson"]
version_count: 5
action_count: 42
vote_count: 1
first_action: "2021-03-12"
last_action: "2021-05-18"
source: "openstates"
source_identifier: "ocd-bill/20bbe13d-7c98-4667-8f02-af5925228aad"
source_url: "ftp://ftp.legis.state.tx.us/bills/87R/billhistory/senate_bills/SB01900_SB01999/SB 1954.xml"
source_hash: "2fe8c594c238347c8a24ef62c7dd0f72889407cfbc6b6cbb6ed7f594235d6435"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-tx"]
---

# Texas SB 1954 (87) — Relating to the pledge or encumbrance of an insurer's assets under the Asset Protection Act.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](http://capitol.texas.gov/tlodocs/87R/billtext/html/SB01954I.HTM)
2. **Engrossed** (committee substitute) — [source](http://capitol.texas.gov/tlodocs/87R/billtext/html/SB01954E.HTM)
3. **House Committee Report** (committee substitute) — [source](http://capitol.texas.gov/tlodocs/87R/billtext/html/SB01954H.HTM)
4. **Senate Committee Report** (committee substitute) — [source](http://capitol.texas.gov/tlodocs/87R/billtext/html/SB01954S.HTM)
5. **Enrolled** (enrolled) — [source](http://capitol.texas.gov/tlodocs/87R/billtext/html/SB01954F.HTM)

## Votes

- passage — **145–0** (pass) · lower

## Sponsors

- Hancock — primary (person)
- Oliverson — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-03-12** Received by the Secretary of the Senate `filing`
- **2021-03-12** Filed `filing`
- **2021-04-01** Read first time `introduction, reading-1`
- **2021-04-01** Referred to Business & Commerce `referral-committee`
- **2021-04-06** Scheduled for public hearing on . . .
- **2021-04-06** Considered in public hearing
- **2021-04-06** Left pending in committee
- **2021-04-07** Considered in public hearing
- **2021-04-08** Reported favorably w/o amendments `committee-passage-favorable`
- **2021-04-08** Recommended for local & uncontested calendar
- **2021-04-08** Committee report printed and distributed
- **2021-04-19** Placed on local & uncontested calendar
- **2021-04-19** Laid before the Senate
- **2021-04-19** Read 2nd time & passed to engrossment
- **2021-04-19** Vote recorded in Journal
- **2021-04-19** Three day rule suspended
- **2021-04-19** Record vote
- **2021-04-19** Read 3rd time `reading-3`
- **2021-04-19** Passed `passage`
- **2021-04-19** Record vote
- **2021-04-19** Reported engrossed
- **2021-04-20** Received from the Senate `introduction`
- **2021-04-21** Read first time `introduction, reading-1`
- **2021-04-21** Referred to Insurance `referral-committee`
- **2021-04-27** Considered in public hearing
- **2021-04-27** Reported favorably w/o amendment(s) `committee-passage`
- **2021-04-28** Comte report filed with Committee Coordinator
- **2021-04-28** Committee report distributed
- **2021-04-29** Committee report sent to Calendars
- **2021-05-03** Laid out in lieu of companion
- **2021-05-03** Read 2nd time `reading-2`
- **2021-05-03** Passed to 3rd reading
- **2021-05-04** Read 3rd time `reading-3`
- **2021-05-04** Passed `passage`
- **2021-05-04** Record vote
- **2021-05-05** House passage reported
- **2021-05-05** Reported enrolled
- **2021-05-06** Signed in the Senate
- **2021-05-06** Signed in the House
- **2021-05-06** Sent to the Governor `executive-receipt`
- **2021-05-18** Signed by the Governor `executive-signature`
- **2021-05-18** Effective on 9/1/21 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/20bbe13d-7c98-4667-8f02-af5925228aad`. Confidence: reported (aggregated from official Texas legislature records).