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Amend CSSB 127 on page 4, after line 6, by adding a new
Section 6 to added Article 5.35-4, Insurance Code, to read as
follows:
Sec. 6. OPTIONAL PREMIUM DISCOUNT. (a) An insurer that issues
a residential property insurance policy in this state may provide a
discount in the premiums that would otherwise be charged for the
policy if the policyholder has installed a water leak detection
system that meets the building and performance standards for mold
reduction in Section 430.002, Property Code.
(b) The commissioner shall establish by rule the amount of a
premium discount applicable under this section based on sound
actuarial principles.