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78R6402 KCR-F

By:  Williams                                                     S.B. No. 1119



A BILL TO BE ENTITLED

AN ACT

relating to commercial group property insurance for certain 
businesses and associations.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Subchapter C, Chapter 5, Insurance Code, is 
amended by adding Article 5.41-3 to read as follows:
	Art. 5.41-3.  COMMERCIAL GROUP PROPERTY INSURANCE.  An 
insurer may write commercial group property insurance for a group 
of businesses or for an association that constitutes a large risk as 
that term is described by Section 8(f), Article 5.13-2, of this code 
if:
		(1)  the members of a group of businesses have clearly 
identifiable underwriting characteristics; or
		(2)  the members of an association are engaged in 
similar undertakings.
	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.