By Ellis S.B. No. 323
76R3759 AJA-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the types of insurance covered by the program to assist
1-3 persons in obtaining residential property insurance in underserved
1-4 areas.
1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-6 SECTION 1. Section 1(a), Article 21.49-12, Insurance Code,
1-7 is amended to read as follows:
1-8 (a) The commissioner shall establish a voluntary mechanism
1-9 to be called a market assistance program to assist insureds in
1-10 Texas in obtaining residential property insurance coverage in
1-11 underserved areas, which shall be determined and designated by the
1-12 commissioner by rule using the standards specified in Section 1,
1-13 Article 5.35-3, of this code. For purposes of this article,
1-14 residential property insurance means insurance against loss to real
1-15 or tangible personal property at a fixed location provided in a
1-16 homeowners policy or a[,] residential fire and allied lines policy,
1-17 but does not include a [or] farm and ranch owners policy. The
1-18 types of risks to be assisted under the market assistance program
1-19 will be established by the commissioner. A market assistance
1-20 program division shall be established in and operated by the Texas
1-21 Department of Insurance.
1-22 SECTION 2. This Act takes effect September 1, 1999.
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 emergency 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.