Bill Text: TX HB4868 | 2023-2024 | 88th Legislature | Introduced

Texas House Bill 4868

NOTE: There are more recent revisions of this legislation. Read Latest Draft

Bill Title: Relating to operating requirements for farm mutual insurance companies related to insurance in force on rural property.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Engrossed - Dead) 2023-05-10 - Received from the House [HB4868 Detail]

Download: Texas-2023-HB4868-Introduced.html



	By: Bailes	H.B. No. 4868



	A BILL TO BE ENTITLED
	AN ACT
	relating to operating requirements for farm mutual insurance
	companies related to insurance in force on rural property.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 911.301, Insurance Code, is amended by
	amending Subsection (a) and adding Subsections (e) and (f) to read
	as follows:
	(a) In this section:
	(1) "Census year" means a year in which the United
	States Census Bureau conducts a federal decennial census.
	(2) "Rural[~~, "rural~~] property" means property located
	outside an area of land subject to the taxing authority of a
	municipality with a population of more than 20,000, adjusted in
	accordance with Subsection (e) [~~2,500~~].
	(e) On January 1 of the second year following a census year,
	the population limit described by Subsection (a)(2) increases or
	decreases by a percentage that is equal to the percentage increase
	or decrease in the population of this state from the previous
	decennial census.
	(f) Not later than November 1 of the year following a census
	year, the commissioner shall:
	(1) compute the new population limit in accordance
	with Subsection (e); and
	(2) publish the limit on the department's Internet
	website.
	SECTION 2. This Act takes effect September 1, 2023.