By:  Lucio                                            S.B. No. 1249
                                 A BILL TO BE ENTITLED
                                        AN ACT
    1-1  relating to the insurance coverage provided for foundations of real
    1-2  property insured under a homeowners or fire insurance policy.
    1-3        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  Subchapter C, Chapter 5, Insurance Code, is
    1-5  amended by adding Article 5.35-2 to read as follows:
    1-6        Art. 5.35-2.  COVERAGE FOR REAL PROPERTY FOUNDATIONS.  The
    1-7  Board shall adopt an endorsement form for use at an insurer's
    1-8  option on a homeowners policy or fire policy promulgated under
    1-9  Article 5.35 of this code that excludes coverage on foundations of
   1-10  covered buildings except for loss caused by fire, lightning, smoke,
   1-11  windstorm, hurricane, hail, explosion, aircraft, vehicles,
   1-12  vandalism, malicious mischief, riot, civil commotion, and falling
   1-13  objects.
   1-14        SECTION 2.  The importance of this legislation and the
   1-15  crowded condition of the calendars in both houses create an
   1-16  emergency and an imperative public necessity that the
   1-17  constitutional rule requiring bills to be read on three several
   1-18  days in each house be suspended, and this rule is hereby suspended,
   1-19  and that this Act take effect and be in force from and after its
   1-20  passage, and it is so enacted.