Bill Text: TX HB1902 | 2019-2020 | 86th Legislature | Enrolled
Bill Title: Relating to maximum liability limits for windstorm and hail insurance coverage provided through the Texas Windstorm Insurance Association.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2019-05-31 - Effective on 9/1/19 [HB1902 Detail]
Download: Texas-2019-HB1902-Enrolled.html
H.B. No. 1902 |
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relating to maximum liability limits for windstorm and hail | ||
insurance coverage provided through the Texas Windstorm Insurance | ||
Association. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 2210.501(a), Insurance Code, is amended | ||
to read as follows: | ||
(a) The board of directors shall propose the maximum | ||
liability limits under a windstorm and hail insurance policy issued | ||
by the association under this chapter. The maximum liability | ||
limits are considered [ |
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the commissioner disapproves or modifies the liability limits by | ||
order issued not later than the 30th day after the date of receipt | ||
of a filing under Section 2210.503. | ||
SECTION 2. Section 2210.504(a), Insurance Code, is amended | ||
to read as follows: | ||
(a) Not later than the 30th [ |
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commissioner disapproves or modifies [ |
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Section 2210.503, and after notice and hearing, the commissioner by | ||
order shall approve, disapprove, or modify the proposed adjustment | ||
to the maximum liability limits. | ||
SECTION 3. The changes in law made by this Act apply only to | ||
a proposed maximum liability limit filed on or after January 1, | ||
2020. A proposed maximum liability limit filed before January 1, | ||
2020, is governed by the law as it existed immediately before the | ||
effective date of this Act, and that law is continued in effect for | ||
that purpose. | ||
SECTION 4. This Act takes effect September 1, 2019. | ||
______________________________ | ______________________________ | |
President of the Senate | Speaker of the House | |
I certify that H.B. No. 1902 was passed by the House on April | ||
12, 2019, by the following vote: Yeas 143, Nays 0, 2 present, not | ||
voting. | ||
______________________________ | ||
Chief Clerk of the House | ||
I certify that H.B. No. 1902 was passed by the Senate on May | ||
15, 2019, by the following vote: Yeas 31, Nays 0. | ||
______________________________ | ||
Secretary of the Senate | ||
APPROVED: _____________________ | ||
Date | ||
_____________________ | ||
Governor |