By Goodman                                            H.B. No. 2873

                                A BILL TO BE ENTITLED

 1-1                                   AN ACT

 1-2     relating to the policy forms for certain large risk insurance

 1-3     policies.

 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

 1-5           SECTION 1.  Section 8(f), Article 5.13-2, Insurance Code, is

 1-6     amended to read as follows:

 1-7           (f)  Policy forms for use with large risks are exempt from

 1-8     the requirements of Subsections (a), (b), and (e) of this section.

 1-9     For purposes of this subsection, "large risk" means:

1-10                 (1)  an insured that has total insured property values

1-11     of $5 [10] million or more;

1-12                 (2)  an insured that has total annual gross revenues of

1-13     $10 [20] million or more; or

1-14                 (3)  an insured that has a total premium of $25,000

1-15     [50,000] or more for property insurance, $25,000 [50,000] or more

1-16     for general liability insurance, or $50,000 [100,000] or more for

1-17     multiperil insurance.

1-18           SECTION 2.  The importance of this legislation and the

1-19     crowded condition of the calendars in both houses create an

1-20     emergency and an imperative public necessity that the

1-21     constitutional rule requiring bills to be read on three several

1-22     days in each house be suspended, and this rule is hereby suspended.