Bill Text: TX SB1702 | 2013-2014 | 83rd Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to residential property insured by the Texas Windstorm Insurance Association.
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: (Passed) 2013-06-14 - Effective immediately [SB1702 Detail]
Download: Texas-2013-SB1702-Introduced.html
Bill Title: Relating to residential property insured by the Texas Windstorm Insurance Association.
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: (Passed) 2013-06-14 - Effective immediately [SB1702 Detail]
Download: Texas-2013-SB1702-Introduced.html
By: Taylor | S.B. No. 1702 | |
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relating to residential property insured by the Texas Windstorm | ||
Insurance Association. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 2210.251, Insurance Code, is amended by | ||
amending Subsection (f) to read as follows: | ||
(f) Notwithstanding any other provision of this section, a | ||
residential structure [ |
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subject to the inspection requirements imposed under Section | ||
2210.258. | ||
SECTION 2. Section 2210.259, Insurance Code, is amended by | ||
amending Subsection (a) to read as follows: | ||
(a) A noncompliant residential structure insured by the | ||
association that is insured under Section 2210.251(f)[ |
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an amount equal to 15 percent of the premium for insurance coverage | ||
obtained through the association. The surcharge under this | ||
subsection applies to each policy issued or renewed by the | ||
association on or after the effective date of Sections 5 through 49, | ||
H.B. No. 4409, Acts of the 81st Legislature, Regular Session, 2009, | ||
and is due on the issuance or renewal of the policy. | ||
SECTION 3. Section 2210.260, Insurance Code, is repealed. | ||
SECTION 4. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2013. |