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
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  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.
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