Bill Text: TX HB3148 | 2011-2012 | 82nd Legislature | Introduced
Bill Title: Relating to the issuance of windstorm and hail insurance policies by the Texas Windstorm Insurance Association for property located in certain flood zones.
Spectrum: Partisan Bill (Republican 5-0)
Status: (Introduced - Dead) 2011-04-12 - No action taken in committee [HB3148 Detail]
Download: Texas-2011-HB3148-Introduced.html
By: Torres | H.B. No. 3148 |
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relating to the issuance of windstorm and hail insurance policies | ||
by the Texas Windstorm Insurance Association for property located | ||
in certain flood zones. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 2210.203, Insurance Code, is amended by | ||
amending Subsection (a-1) and adding Subsection (a-2) to read as | ||
follows: | ||
(a-1) This subsection applies [ |
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that, on or after September 1, 2011, is constructed or is [ |
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altered, remodeled, or enlarged at a cost that is 50 percent or more | ||
of the appraised fair market value of the structure [ |
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if all or any part of the property to be insured by the association | ||
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similar zone with an additional hazard associated with storm waves, | ||
as defined by the National Flood Insurance Program, [ |
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may not issue an insurance policy for initial or renewal coverage | ||
unless evidence is submitted to the association that the property | ||
to be covered under the policy is also covered by a flood insurance | ||
policy issued under the National Flood Insurance Program. This | ||
subsection does not apply to property for which flood insurance is | ||
not available under the National Flood Insurance Program [ |
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(a-2) An agent offering or selling a Texas windstorm and | ||
hail insurance policy [ |
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required under Subsection (a-1) to a [ |
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that coverage is available. | ||
SECTION 2. Section 2210.203(a-1), Insurance Code, as | ||
amended by this Act, and Section 2210.203(a-2), Insurance Code, as | ||
added by this Act, apply only to a Texas windstorm and hail | ||
insurance policy delivered, issued for delivery, or renewed by the | ||
Texas Windstorm Insurance Association on or after October 1, 2011. | ||
A Texas windstorm and hail insurance policy delivered, issued for | ||
delivery, or renewed by the Texas Windstorm Insurance Association | ||
before October 1, 2011, is governed by the law in effect on the date | ||
the policy was delivered, issued for delivery, or renewed, and the | ||
former law is continued in effect for that purpose. | ||
SECTION 3. This Act takes effect September 1, 2011. |