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A BILL TO BE ENTITLED
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AN ACT
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relating to the administration of the Texas Windstorm Insurance |
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Association. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter B, Chapter 2210, Insurance Code, is |
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amended by adding Section 2210.063 to read as follows: |
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Sec. 2210.063. LOCATION OF ASSOCIATION HEADQUARTERS. The |
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headquarters of the association must be located in a first tier |
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coastal county or second tier coastal county. |
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SECTION 2. Section 2210.063, Insurance Code, as added by |
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this Act, applies to the Texas Windstorm Insurance Association |
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beginning on January 1, 2023. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect on the 91st day after the last day of the |
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legislative session. |