By:  Williams                                                     S.B. No. 1119
	(In the Senate - Filed March 11, 2003; March 17, 2003, read 
first time and referred to Committee on State Affairs; 
April 28, 2003, reported favorably by the following vote:  Yeas 7, 
Nays 0; April 28, 2003, sent to printer.)

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.
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