---
type: "Bill"
title: "Relating to the use by insurance companies of separate accounts in connection with life insurance and annuities and certain other benefits."
description: "Relating to the use by insurance companies of separate accounts in connection with life insurance and annuities and certain other benefits."
jurisdiction: "us/states/tx"
legislature: "Texas Legislature"
session: "88"
identifier: "HB 1587"
citation: "Texas HB 1587 (88)"
classification: ["bill"]
subjects: ["Insurance--General (I0445)", "Insurance--Life & Annuities (I0423)"]
status: "enacted"
primary_sponsors: ["Johnson", "Oliverson"]
version_count: 5
action_count: 55
vote_count: 1
first_action: "2023-01-24"
last_action: "2023-06-09"
source: "openstates"
source_identifier: "ocd-bill/599fa7c6-2f53-4d7b-8064-e793e2af7c88"
source_url: "ftp://ftp.legis.state.tx.us/bills/88R/billhistory/house_bills/HB01500_HB01599/HB 1587.xml"
source_hash: "21a55abda4c75d59392d695b95aef5c537d90d4cd9bba85e5d9946e1c328a294"
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 HB 1587 (88) — Relating to the use by insurance companies of separate accounts in connection with life insurance and annuities and certain other benefits.

## 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/88R/billtext/html/HB01587I.HTM)
2. **Engrossed** (committee substitute) — [source](http://capitol.texas.gov/tlodocs/88R/billtext/html/HB01587E.HTM)
3. **House Committee Report** (committee substitute) — [source](http://capitol.texas.gov/tlodocs/88R/billtext/html/HB01587H.HTM)
4. **Senate Committee Report** (committee substitute) — [source](http://capitol.texas.gov/tlodocs/88R/billtext/html/HB01587S.HTM)
5. **Enrolled** (enrolled) — [source](http://capitol.texas.gov/tlodocs/88R/billtext/html/HB01587F.HTM)

## Votes

- passage — **141–3** (pass) · lower

## Sponsors

- Johnson — primary (person)
- Oliverson — primary (person)

## Timeline

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

- **2023-01-24** Filed `filing`
- **2023-03-03** Read first time `introduction, reading-1`
- **2023-03-03** Referred to Insurance `referral-committee`
- **2023-03-28** Considered in public hearing
- **2023-03-28** Testimony taken/registration(s) recorded in committee
- **2023-03-28** Left pending in committee
- **2023-04-04** Considered in public hearing
- **2023-04-04** Reported favorably w/o amendment(s) `committee-passage, committee-passage-favorable`
- **2023-04-11** Considered in public hearing
- **2023-04-11** Vote reconsidered in committee
- **2023-04-11** Recommended to be sent to Local & Consent `referral-committee`
- **2023-04-11** Reported favorably w/o amendment(s) `committee-passage, committee-passage-favorable`
- **2023-04-17** Comte report filed with Committee Coordinator `filing`
- **2023-04-17** Committee report distributed
- **2023-04-18** Comm. report sent to Local & Consent Calendar
- **2023-04-25** Considered in Local & Consent Calendars
- **2023-04-28** Placed on Local, Consent, and Res. Calendar
- **2023-04-28** Read 2nd time `reading-2`
- **2023-04-28** Passed to engrossment
- **2023-04-28** Nonrecord vote recorded in Journal
- **2023-04-28** Read 3rd time `reading-3`
- **2023-04-28** Passed `passage`
- **2023-04-28** Record vote
- **2023-04-28** Statement(s) of vote recorded in Journal
- **2023-04-28** Nonrecord vote recorded in Journal
- **2023-04-28** Reported engrossed
- **2023-05-01** Received from the House `introduction`
- **2023-05-01** Read first time `introduction, reading-1`
- **2023-05-01** Referred to Business & Commerce `referral-committee`
- **2023-05-04** Scheduled for public hearing on . . .
- **2023-05-04** Considered in public hearing
- **2023-05-04** Testimony taken in committee
- **2023-05-04** Left pending in committee
- **2023-05-09** Considered in public hearing
- **2023-05-09** Vote taken in committee
- **2023-05-10** Reported favorably w/o amendments `committee-passage-favorable`
- **2023-05-10** Recommended for local & uncontested calendar
- **2023-05-10** Committee report printed and distributed
- **2023-05-12** Placed on intent calendar
- **2023-05-17** Placed on local & uncontested calendar
- **2023-05-17** Laid before the Senate `receipt`
- **2023-05-17** Read 2nd time & passed to 3rd reading `reading-2`
- **2023-05-17** Vote recorded in Journal
- **2023-05-17** Three day rule suspended
- **2023-05-17** Record vote
- **2023-05-17** Read 3rd time `reading-3`
- **2023-05-17** Passed `passage`
- **2023-05-17** Record vote
- **2023-05-17** Senate passage reported `passage`
- **2023-05-18** Reported enrolled `enrolled`
- **2023-05-19** Signed in the House `passage`
- **2023-05-21** Signed in the Senate `passage`
- **2023-05-22** Sent to the Governor `executive-receipt`
- **2023-06-09** Signed by the Governor `executive-signature`
- **2023-06-09** Effective immediately `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/599fa7c6-2f53-4d7b-8064-e793e2af7c88`. Confidence: reported (aggregated from official Texas legislature records).