78R422 DLF-D

By:  Seaman                                                       H.B. No. 96 


A BILL TO BE ENTITLED
AN ACT
relating to policy forms for certain residential property insurance policies. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Article 5.35(c), Insurance Code, is amended to read as follows: (c) An insurer may use [The commissioner may approve the use of] policy forms and endorsements other than those adopted under Subsection (a) or (b) of this article [adopted by a national organization of insurance companies or a similar organization,] if the [such] forms or endorsements are filed with and are approved by the commissioner in accordance with this article. SECTION 2. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution. If this Act does not receive the vote necessary for immediate effect, this Act takes effect September 1, 2003.