By Ellis S.B. No. 1696
76R2437 DB-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the duration of the period of the rate rollback for
1-3 certain lines of insurance.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 6, Article 5.131, Insurance Code, is
1-6 amended to read as follows:
1-7 Sec. 6. DURATION OF REDUCTION. Unless the commissioner
1-8 grants relief under Section 4 or 5 of this article, each rate
1-9 resulting from the reduction required under Section 3 of this
1-10 article remains in effect until January 1, 2003 [2001].
1-11 SECTION 2. This Act takes effect September 1, 1999.
1-12 SECTION 3. The importance of this legislation and the
1-13 crowded condition of the calendars in both houses create an
1-14 emergency and an imperative public necessity that the
1-15 constitutional rule requiring bills to be read on three several
1-16 days in each house be suspended, and this rule is hereby suspended.