Bill not drafted by TLC or Senate E&E. Line and page numbers may not match official copy. By Eiland H.B. No. 3031 A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to providing the Commissioner authority to approve higher 1-3 deductibles on Association policy so long as rate credits are 1-4 afforded to Association policy purchasers. 1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-6 SECTION 1. Section 8(a), Article 21.49, Insurance Code, is 1-7 amended to read as follows: 1-8 Sec. 8A. (a) A policy of windstorm and hail insurance 1-9 issued by the Association may include replacement cost coverage for 1-10 one and two-family dwellings, as that term is defined in the 1-11 General Basis Schedule, subject to any applicable deductibles and 1-12 the limits for the coverage purchased by the insured. The 1-13 replacement cost coverage does not apply to outdoor antennas, 1-14 aerials, carpeting, awnings, appliances, or other outdoor 1-15 equipment, whether or not attached to the insured dwelling. The 1-16 Association may make recommendations to the Commissioner that would 1-17 result in a reduction of coverages or an increase in an applicable 1-18 deductible. After notice and a public hearing, the Commissioner is 1-19 authorized to accept, modify or reject such a recommendation by the 1-20 Association so long as any increase in deductibles is accompanied 1-21 by rate credits approved by the Commissioner. 1-22 SECTION 2. This Act takes effect on September 1, 1997. 1-23 SECTION 3. The importance of this legislation and the 1-24 crowded condition of the calendars in both houses create an 2-1 emergence and an imperative public necessity that the 2-2 constitutional rule requiring bills to be read on three several 2-3 days in each house be suspended, and this rule is hereby suspended.