By Patterson S.B. No. 865
75R7059 PB-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to coverage under the Texas Catastrophe Property Insurance
1-3 Association for certain demolition and debris removal expenses.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. The Texas Catastrophe Property Insurance Pool Act
1-6 (Article 21.49, Insurance Code) is amended by adding Section 8C to
1-7 read as follows:
1-8 Sec. 8C. COVERAGE FOR DEMOLITION AND DEBRIS REMOVAL. (a) A
1-9 policy of windstorm and hail insurance issued by the Association
1-10 must include coverage for the demolition of a dwelling and other
1-11 associated structures and the removal of associated debris if:
1-12 (1) the dwelling and other associated structures, as
1-13 those terms are defined in the General Basis Schedule and the Texas
1-14 Personal Lines Manual, are covered under the policy; and
1-15 (2) at least 50 percent of the dwelling is destroyed
1-16 at the time of loss through wind damage, hail damage, or
1-17 wind-driven rain damage.
1-18 (b) The commissioner shall adopt rules as necessary to
1-19 implement this section.
1-20 SECTION 2. Section 8C, Texas Catastrophe Property Insurance
1-21 Pool Act (Article 21.49, Insurance Code), as added by this Act,
1-22 applies only to an insurance policy that is delivered, issued for
1-23 delivery, or renewed on or after January 1, 1998. A policy that is
1-24 delivered, issued for delivery, or renewed before January 1, 1998,
2-1 is governed by the law as it existed immediately before the
2-2 effective date of this Act, and that law is continued in effect for
2-3 this purpose.
2-4 SECTION 3. The importance of this legislation and the
2-5 crowded condition of the calendars in both houses create an
2-6 emergency and an imperative public necessity that the
2-7 constitutional rule requiring bills to be read on three several
2-8 days in each house be suspended, and this rule is hereby suspended.