Bill Text: TX HB2920 | 2021-2022 | 87th Legislature | Enrolled
Bill Title: Relating to a grace period for payment of premiums on insurance policies renewed by the Texas Windstorm Insurance Association.
Sponsorship: Partisan Bill (Republican 2)
Status: (Passed) 2021-06-07 - Effective on 9/1/21 [HB2920 Detail]
Download: Texas-2021-HB2920-Enrolled.html
| H.B. No. 2920 | ||
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| relating to a grace period for payment of premiums on insurance | ||
| policies renewed by the Texas Windstorm Insurance Association. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 2210.203, Insurance Code, is amended by | ||
| adding Subsection (c-1) to read as follows: | ||
| (c-1) With the advice of the association, the commissioner | ||
| shall adopt rules establishing a grace period of not more than 10 | ||
| days after the due date for the receipt of payment of premium for | ||
| the renewal of a policy. | ||
| SECTION 2. Not later than June 1, 2022, the commissioner of | ||
| insurance, with the advice of the Texas Windstorm Insurance | ||
| Association, shall adopt rules as required by Section | ||
| 2210.203(c-1), Insurance Code, as added by this Act. | ||
| SECTION 3. This Act takes effect September 1, 2021. | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I certify that H.B. No. 2920 was passed by the House on April | ||
| 16, 2021, by the following vote: Yeas 142, Nays 3, 2 present, not | ||
| voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| I certify that H.B. No. 2920 was passed by the Senate on May | ||
| 19, 2021, by the following vote: Yeas 31, Nays 0. | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| APPROVED: _____________________ | ||
| Date | ||
| _____________________ | ||
| Governor | ||
