By Truan S.B. No. 1419
74R6776 PB-F
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to insurance coverage for certain real property
1-3 foundations.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Article 5.35-2, Insurance Code, is repealed.
1-6 SECTION 2. (a) An endorsement that was authorized under
1-7 Article 5.35-2, Insurance Code, as that article existed prior to
1-8 repeal by this Act, may not be used on any policy delivered, issued
1-9 for delivery, or renewed on or after the effective date of this
1-10 Act.
1-11 (b) The repeal of Article 5.35-2, Insurance Code, by this
1-12 Act does not otherwise affect the authority of the commissioner of
1-13 insurance under other provisions of the Insurance Code to
1-14 promulgate policy and endorsement provisions regarding the
1-15 foundation or slab of an insured dwelling.
1-16 SECTION 3. The importance of this legislation and the
1-17 crowded condition of the calendars in both houses create an
1-18 emergency and an imperative public necessity that the
1-19 constitutional rule requiring bills to be read on three several
1-20 days in each house be suspended, and this rule is hereby suspended,
1-21 and that this Act take effect and be in force from and after its
1-22 passage, and it is so enacted.