Bill Text: TX HB1234 | 2023-2024 | 88th Legislature | Engrossed
Bill Title: Relating to the acknowledgment of rejection of residential property insurance coverage of cosmetic damage to a metal roof.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Engrossed - Dead) 2023-05-05 - Referred to Business & Commerce [HB1234 Detail]
Download: Texas-2023-HB1234-Engrossed.html
| 88R23031 JES-D | ||
| By: Thompson of Brazoria | H.B. No. 1234 | |
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| relating to the acknowledgment of rejection of residential property | ||
| insurance coverage of cosmetic damage to a metal roof. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter C, Chapter 2002, Insurance Code, is | ||
| amended by adding Section 2002.104 to read as follows: | ||
| Sec. 2002.104. METAL ROOF COVERAGE REJECTION | ||
| ACKNOWLEDGMENT. (a) In this section: | ||
| (1) "Cosmetic metal roof coverage" means insurance | ||
| coverage under a residential property insurance policy for damage | ||
| to a metal roof regardless of whether the damage impedes the | ||
| function of the roof. | ||
| (2) "Residential property insurance" has the meaning | ||
| assigned by Section 2301.002. | ||
| (b) This section applies to each insurer that provides | ||
| cosmetic metal roof coverage in this state, including a county | ||
| mutual insurance company, farm mutual insurance company, Lloyd's | ||
| plan, and reciprocal or interinsurance exchange. | ||
| (c) Except as provided by Subsection (d), an insurer that | ||
| offers cosmetic metal roof coverage shall require an insured who | ||
| rejects, declines, or refuses to accept that coverage under a | ||
| residential property insurance policy issued to that insured to | ||
| acknowledge in writing that the insured has rejected, declined, or | ||
| refused to accept that coverage and that the insured's policy does | ||
| not include cosmetic metal roof coverage. | ||
| (d) An insurer is not required to obtain the acknowledgment | ||
| required by Subsection (c) from an insured on a renewal or | ||
| reinstatement of, or on the issuance of a supplement to, a | ||
| residential property insurance policy for which the insurer has | ||
| already obtained an acknowledgment under that subsection. | ||
| SECTION 2. The change in law made by this Act applies only | ||
| to a residential property insurance policy that is delivered, | ||
| issued for delivery, or renewed on or after January 1, 2024. | ||
| SECTION 3. This Act takes effect September 1, 2023. | ||
