By Averitt H.B. No. 2501 A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the requirement for insurance for fire alarm companies. 1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-4 SECTION 1. Section 5B(a), Article 5.43-2, Insurance Code, is 1-5 amended to read as follows: 1-6 (a) The board shall not issue a certificate of registration 1-7 under this article unless the applicant files with the board 1-8 evidence of a general liability insurance policy that includes 1-9 products and completed operations coverage. The policy shall be 1-10 conditioned to pay on behalf of the insured those sums that the 1-11 insured becomes legally obligated to pay as damages because of 1-12 bodily injury and property damage caused by an occurrence involving 1-13 the insured or the insured's servant, officer, agent, or employee 1-14 in the conduct of any business registered or licensed under this 1-15 article. This section shall not affect the rights of the insured 1-16 to negotiate or contract limitations of liability with third 1-17 parties, including customers of the insured. 1-18 SECTION 2. This Act takes effect September 1, 1995. 1-19 SECTION 3. The importance of this legislation and the 1-20 crowded condition of the calendars in both houses create an 1-21 emergency and an imperative public necessity that the 1-22 constitutional rule requiring bills to be read on three several 1-23 days in each house be suspended, and this rule is hereby suspended.