Bill Text: TX HB772 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to the limitations period for bringing an action arising from certain insurance claims.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2015-02-23 - Referred to Insurance [HB772 Detail]
Download: Texas-2015-HB772-Introduced.html
84R4920 MEW-D | ||
By: Gutierrez | H.B. No. 772 |
|
||
|
||
relating to the limitations period for bringing an action arising | ||
from certain insurance claims. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter B, Chapter 542, Insurance Code, is | ||
amended by adding Section 542.062 to read as follows: | ||
Sec. 542.062. LIMITATIONS PERIOD. A person must bring an | ||
action under this subchapter not later than four years after the | ||
earlier of the date of: | ||
(1) the rejection of the claim; or | ||
(2) the act or omission giving rise to the cause of | ||
action under this subchapter. | ||
SECTION 2. The change in law made by this Act applies only | ||
to a cause of action that accrues on or after the effective date of | ||
this Act. A cause of action that accrues before the effective date | ||
of this Act is governed by the law applicable to the cause of action | ||
immediately before the effective date of this Act, and that law is | ||
continued in effect for that purpose. | ||
SECTION 3. This Act takes effect September 1, 2015. |