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Amend SB 115, committee printing, as follows:
Between lines 1-25 and 1-26, insert a new SECTION 2 to read as
follows, and renumber the subsequent SECTIONS:
SECTION 2. Article 5.35, Chapter 5, Insurance Code, is
amended by adding Article 5.35(k) to read as follows:
(k)(1) For any policy form and endorsements approved by the
commissioner under Subsections (a), (b), or (c) of this article,
the commissioner shall promulgate a comparison form for that
policy.
(2) The comparison form shall be developed with the
assistance of the office of public insurance counsel and with input
from the public and shall be designed to explain the features and
limitations of the policy compared to other approved policies. An
insurer using a policy form may be required to develop the
comparison form and submit it for approval by the commissioner. The
comparison form shall be made available by an insurer to anyone
inquiring about the policy, and shall be made available by the
department via the Internet and other means as prescribed by the
commissioner.
(3) The comparison form shall be designed to be
easily read and understood in order to facilitate comparison and
understanding of the policy and must meet the requirements of
Subsection (h) of this article. At a minimum, the comparison form
shall show the features of the policy compared to the HO-B, HO-A,
and at least one other policy for widely in use in this state.
(4) The commissioner may adopt rules to carry out the
purposes of this subsection.