Bill Text: TX SB1466 | 2017-2018 | 85th Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to maximum liability limits for windstorm and hail insurance coverage provided through the Texas Windstorm Insurance Association.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Engrossed - Dead) 2017-05-23 - Placed on General State Calendar [SB1466 Detail]
Download: Texas-2017-SB1466-Introduced.html
Bill Title: Relating to maximum liability limits for windstorm and hail insurance coverage provided through the Texas Windstorm Insurance Association.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Engrossed - Dead) 2017-05-23 - Placed on General State Calendar [SB1466 Detail]
Download: Texas-2017-SB1466-Introduced.html
85R13297 PMO-D | ||
By: Taylor of Galveston | S.B. No. 1466 |
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relating to maximum liability limits for windstorm and hail | ||
insurance coverage provided through the Texas Windstorm Insurance | ||
Association. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 2210.501(a), Insurance Code, is amended | ||
to read as follows: | ||
(a) The board of directors shall propose the maximum | ||
liability limits under a windstorm and hail insurance policy issued | ||
by the association under this chapter. The maximum liability | ||
limits are considered [ |
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the commissioner disapproves or modifies the liability limits by | ||
order issued not later than the 30th day after the date of receipt | ||
of a filing under Section 2210.503. | ||
SECTION 2. Section 2210.504(a), Insurance Code, is amended | ||
to read as follows: | ||
(a) Not later than the 30th [ |
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commissioner disapproves or modifies [ |
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Section 2210.503, and after notice and hearing, the commissioner by | ||
order shall approve, disapprove, or modify the proposed adjustment | ||
to the maximum liability limits. | ||
SECTION 3. The changes in law made by this Act apply only to | ||
a proposed maximum liability limit filed on and after January 1, | ||
2018. A proposed maximum liability limit filed before January 1, | ||
2018, is governed by the law as it existed immediately before the | ||
effective date of this Act, and that law is continued in effect for | ||
that purpose. | ||
SECTION 4. This Act takes effect September 1, 2017. |