Bill Text: TX SB2444 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to eligibility of surplus lines insurers to provide windstorm and hail coverage.
Spectrum: Partisan Bill (Republican 1-0)
Status: (N/A - Dead) 2019-03-27 - Referred to Business & Commerce [SB2444 Detail]
Download: Texas-2019-SB2444-Introduced.html
| 86R4907 SCL-F | ||
| By: Creighton | S.B. No. 2444 | |
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| relating to eligibility of surplus lines insurers to provide | ||
| windstorm and hail coverage. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 981.004, Insurance Code, is amended by | ||
| adding Subsection (e) to read as follows: | ||
| (e) Notwithstanding Subsection (a)(1), the availability of | ||
| windstorm and hail insurance from the Texas Windstorm Insurance | ||
| Association does not preclude an eligible surplus lines insurer | ||
| from providing windstorm and hail insurance under Subsection (a) or | ||
| limiting the amount of insurance that may be provided under | ||
| Subsection (b). | ||
| SECTION 2. This Act takes effect immediately if it receives | ||
| a vote of two-thirds of all the members elected to each house, as | ||
| provided by Section 39, Article III, Texas Constitution. If this | ||
| Act does not receive the vote necessary for immediate effect, this | ||
| Act takes effect September 1, 2019. | ||
