79R8174 JMM-D
By: Talton H.B. No. 2766
A BILL TO BE ENTITLED
AN ACT
relating to certain money owed by an insurance company to a vehicle
storage facility.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter B, Chapter 541, Insurance Code, as
effective April 1, 2005, is amended by adding Section 541.063 to
read as follows:
Sec. 541.063. FAILURE TO PAY MONEY OWED TO VEHICLE STORAGE
FACILITY. It is an unfair method of competition or an unfair or
deceptive act or practice in the business of insurance to fail to
pay money that is owed to the operator of a vehicle storage facility
under Section 2303.156(b), Occupations Code.
SECTION 2. The change in law made by this Act applies only
to conduct occurring on or after the effective date of this Act.
Conduct occurring before that date is governed by the law in effect
immediately before that date, and that law is continued in effect
for that purpose.
SECTION 3. This Act takes effect September 1, 2005.