Amend HB 2960, second reading engrossment, as follows:
(1) On page 2, strike lines 2-3 and substitute the following:
SECTION 3. Sections 2210.004(a) and (g), Insurance Code, are
amended to read as follows:
(2) On page 2, between lines 11 and 12, insert the following:
(g) For purposes of this chapter, a residential structure is
insurable property if:
(1) the residential structure is not:
(A) a condominium, apartment, duplex, or other
multifamily residence; or
(B) a hotel or resort facility; and
(2) the residential structure is located within an area
designated as a unit under the Coastal Barrier Resources Act (Pub. L
NO. 97-348)[; and
(3) a building permit or plot for the residential
structure was filed with the municipality, the county, or the
United States Army Corps of Engineers before January 1, 2004].
(3) ON page 14, strike lines 7=12 and substitute the
following:
"association. If that flood insurance is unavailable in any portion
of the seacoast territory, an association policy insuring a
residential structure described by Section 2210.004(g) is subject
to a premium surcharge for the insurance coverage obtained through
the association in an amount equal to not less than 10 percent of
the premium, as set by the commissioner after notice and a hearing."