Bill Text: TX HB1039 | 2023-2024 | 88th Legislature | Engrossed
Bill Title: Relating to coverage of additional living expenses under a residential property insurance policy.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Engrossed - Dead) 2023-05-04 - Referred to Business & Commerce [HB1039 Detail]
Download: Texas-2023-HB1039-Engrossed.html
88R13087 KBB-D | ||
By: Thompson of Brazoria | H.B. No. 1039 |
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relating to coverage of additional living expenses under a | ||
residential property insurance policy. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter A, Chapter 2002, Insurance Code, is | ||
amended by adding Section 2002.008 to read as follows: | ||
Sec. 2002.008. ADDITIONAL LIVING EXPENSES COVERAGE. | ||
(a) In this section, "residential property insurance" has the | ||
meaning assigned by Section 2301.002. | ||
(b) This section applies to each insurer authorized to | ||
engage in the business of residential property insurance in this | ||
state, including a county mutual insurance company, farm mutual | ||
insurance company, Lloyd's plan, and reciprocal or interinsurance | ||
exchange. | ||
(c) A residential property insurance policy that includes | ||
coverage for additional living expenses must cover the additional | ||
living expenses incurred by an insured if the insured property is | ||
uninhabitable for a period of at least 24 hours. In this | ||
subsection, "uninhabitable" includes a stoppage of water, | ||
electricity, sewer, or natural gas service caused by a covered loss | ||
on the insured's property. | ||
(d) Coverage required by this section must begin not later | ||
than 24 hours after the stoppage of the water, electricity, sewer, | ||
or natural gas service. | ||
(e) The commissioner may adopt rules to implement this | ||
section. | ||
SECTION 2. Section 2002.008, Insurance Code, as added by | ||
this Act, applies only to an insurance policy delivered, issued for | ||
delivery, or renewed on or after January 1, 2024. | ||
SECTION 3. This Act takes effect September 1, 2023. |