By: Lozano (Senate Sponsor - Hancock)	H.B. No. 2920
	(In the Senate - Received from the House April 19, 2021;
	May 4, 2021, read first time and referred to Committee on Business &
	Commerce; May 13, 2021, reported favorably by the following vote:
	Yeas 8, Nays 0; May 13, 2021, sent to printer.)
Click here to see the committee vote

	A BILL TO BE ENTITLED
	AN ACT
	relating to a grace period for payment of premiums on insurance
	policies renewed by the Texas Windstorm Insurance Association.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1.  Section 2210.203, Insurance Code, is amended by
	adding Subsection (c-1) to read as follows:
	(c-1)  With the advice of the association, the commissioner
	shall adopt rules establishing a grace period of not more than 10
	days after the due date for the receipt of payment of premium for
	the renewal of a policy.
	SECTION 2.  Not later than June 1, 2022, the commissioner of
	insurance, with the advice of the Texas Windstorm Insurance
	Association, shall adopt rules as required by Section
	2210.203(c-1), Insurance Code, as added by this Act.
	SECTION 3.  This Act takes effect September 1, 2021.
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