SRC-JFA H.B. 1632 75(R)   BILL ANALYSIS


Senate Research Center   H.B. 1632
By: Flores (Patterson)
Economic Development
5-4-97
Engrossed


DIGEST 

Currently, the Texas Catastrophe Property Association (association) serves
as the insurer of last resort for residential and commercial properties
along the Texas coast that are unable to obtain insurance in the voluntary
market.  This bill would change the name of the association to the Texas
Windstorm Insurance Association in various articles of the Insurance Code.

PURPOSE

As proposed, H.B. 1632 amends the name of the Texas Catastrophe Property
Association to the Texas Windstorm Insurance Association in various
provisions of the Insurance Code.  

RULEMAKING AUTHORITY

This bill does not grant any additional rulemaking authority to a state
officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1. Amends Section 3(2), Article 5.13-2, Insurance Code, to
redefine "insurer."  

SECTION 2. Amends Section 2, Article 21.49, Insurance Code, to require
this Act to be known as the Texas Windstorm Insurance Association Act,
rather than the Texas Catastrophe Property Insurance Pool Act.   

SECTION 3. Amends Section 3(b), Article 21.49, Insurance Code, to redefine
"association" to mean the Texas Windstorm Insurance Association, rather
than the Texas Catastrophe Property Insurance Association, as established
pursuant to the provisions of this Act.   

SECTION 4. Amends the heading to Section 4, Article 21.49, Insurance Code,
as follows: 

Sec. 4.  New heading:  CREATION OF THE TEXAS WINDSTORM INSURANCE
ASSOCIATION.  

SECTION 5. Amends the heading to Section 5, Article 21.49, Insurance Code,
as follows:  

Sec. 5.  New heading:  OPERATION OF THE TEXAS WINDSTORM INSURANCE
ASSOCIATION; ASSOCIATION BOARD OF DIRECTORS.  

SECTION 6. Amends Article 24.17(f), Insurance Code, to make conforming
changes.   

SECTION 7. Amends Article 24.22, Insurance Code, to make a conforming
change.  

SECTION 8. Emergency clause.
  Effective date: upon passage.