RS H.B. 1632 75(R) BILL ANALYSIS INSURANCE H.B. 1632 By: Flores 4-15-97 Committee Report (Unamended) BACKGROUND The Texas Catastrophe Property Insurance Association was created so that people residing or owning property along the Texas coast could obtain affordable insurance against natural weather related disasters. PURPOSE As proposed, House Bill 1632 would change the name of the Texas Catastrophe Property Insurance Association to the Texas Windstorm Insurance Association. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency or institution. SECTION BY SECTION ANALYSIS SECTION 1. Sec. 3. (2), Article 5.13-2, Texas Insurance Code, is amended to read as follows. Changes name of association to Texas Windstorm Insurance Association. SECTION 2. Sec. 2., Article 21.49, Texas Insurance Code, is amended to read as follows: Changes name of association to Texas Windstorm Insurance Association. SECTION 3. Sec. 3. (b), Article 21.49, Texas Insurance Code, is amended as follows: Defines association. SECTION 4. Sec. 4. heading, Article 21.49, Texas Insurance Code, is amended as follows: Changes the name of heading. SECTION 5. Sec. 5 heading, Article 21.49, Texas Insurance Code, is amended as follows: Changes the name of heading. SECTION 6. Sec. (f), Article 24.17, Texas Insurance Code, is amended as follows: Changes name of association. SECTION 7. Art. 24.22, Texas Insurance Code, is amended as follows: Changes name of association. SECTION 8. Emergency Clause.