Bill Text: TX HB2351 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to the composition of the board of directors of the Texas Windstorm Insurance Association.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2013-04-16 - Left pending in committee [HB2351 Detail]
Download: Texas-2013-HB2351-Introduced.html
83R5665 MEW-D | ||
By: Hunter | H.B. No. 2351 |
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relating to the composition of the board of directors of the Texas | ||
Windstorm Insurance Association. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 2210.102, Insurance Code, is amended to | ||
read as follows: | ||
Sec. 2210.102. COMPOSITION. (a) The board of directors is | ||
composed of 11 [ |
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(b) Three [ |
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insurance industry who actively write and renew windstorm and hail | ||
insurance in the seacoast territory. | ||
(c) Six [ |
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appointment, reside in the first tier coastal counties. Of the six | ||
members appointed under this subsection: | ||
(1) two [ |
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who are [ |
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agents; | ||
(2) one must be a representative of the construction | ||
industry; | ||
(3) one must be a coastal engineer; and | ||
(4) two must be policyholders of the association and | ||
not agents [ |
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(d) One member must be a representative of an area of this | ||
state that is not located in the seacoast territory with | ||
demonstrated expertise in insurance and actuarial principles. | ||
(d-1) One member must be a representative of the financial | ||
industry. | ||
(e) All members must have demonstrated experience in | ||
insurance, general business, [ |
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engineering, or construction sufficient to make the success of the | ||
association probable. | ||
(f) Insurers who are members of the association shall | ||
nominate, from among those members, persons to fill any vacancy in | ||
the three [ |
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representatives of the insurance industry. The board of directors | ||
shall solicit nominations from the members and submit the | ||
nominations to the governor [ |
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submitted to the governor [ |
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include at least three more names than the number of | ||
vacancies. The governor [ |
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insurance industry representatives from the nominee slate. | ||
(g) The governor [ |
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board, each of whom must, as of the date of the appointment, be a | ||
public official of a first tier coastal county, with each of the | ||
following regions represented by one nonvoting member: | ||
(1) the region consisting of Cameron, Kenedy, Kleberg, | ||
and Willacy Counties; | ||
(2) the region consisting of Aransas, Calhoun, Nueces, | ||
Refugio, and San Patricio Counties; and | ||
(3) the region consisting of Brazoria, Chambers, | ||
Galveston, Jefferson, and Matagorda Counties [ |
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(h) The persons appointed under Subsection (c) must be from | ||
different counties with each of the regions listed in Subsection | ||
(g) represented by at least one person. | ||
SECTION 2. (a) The board of directors of the Texas | ||
Windstorm Insurance Association established under Section | ||
2210.102, Insurance Code, as that section existed before amendment | ||
by this Act, is abolished effective December 31, 2013. | ||
(b) The governor shall appoint the members of the board of | ||
directors of the Texas Windstorm Insurance Association under | ||
Section 2210.102, Insurance Code, as amended by this Act, not later | ||
than December 31, 2013. | ||
(c) The term of a person who is serving as a member of the | ||
board of directors of the Texas Windstorm Insurance Association | ||
immediately before the abolition of that board under Subsection (a) | ||
of this section expires on December 31, 2013. Such a person is | ||
eligible for appointment by the governor to the new board of | ||
directors of the Texas Windstorm Insurance Association, subject to | ||
the requirements of Section 2210.102, Insurance Code, as amended by | ||
this Act. | ||
SECTION 3. This Act takes effect September 1, 2013. |