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.