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Amend CSSB 1007 (Senate committee printing) as follows:
(1) Insert a new ARTICLE in the bill, appropriately
numbered, to read as follows:
ARTICLE __. POLICY FORMS
SECTION __.001. Section 2301.008, Insurance Code, is
amended to read as follows:
Sec. 2301.008. ADOPTION AND USE OF STANDARD
FORMS. (a) Except as provided by Subsection (b), the [The]
commissioner may adopt standard insurance policy forms, printed
endorsement forms, and related forms other than insurance policy
forms and printed endorsement forms.
(b) The commissioner shall adopt standard insurance policy
forms, printed endorsement forms, and related forms other than
insurance policy forms and printed endorsement forms for use by an
insurer in writing residential property insurance.
(c) In[, that an insurer may use instead of the insurer's
own forms in] writing insurance subject to this subchapter other
than residential property insurance, an insurer may use the
standard forms adopted by the commissioner under Subsection (a)
instead of the insurer's own forms. In writing residential
property insurance, an insurer shall use the standard forms in the
manner prescribed by Section 2301.0525.
SECTION __.002. Section 2301.052(b), Insurance Code, is
amended to read as follows:
(b) Subject to Section 2301.0525, an [An] insurer may
continue to use an insurance policy form or endorsement
promulgated, approved, or adopted under Article 5.06 or 5.35 before
June 11, 2003, on written notification to the commissioner that the
insurer will continue to use the form or endorsement.
SECTION __.003. Subchapter B, Chapter 2301, Insurance Code,
is amended by adding Section 2301.0525 to read as follows:
Sec. 2301.0525. USE OF CERTAIN STANDARD INSURANCE POLICY
FORMS REQUIRED. (a) Each insurer that writes residential property
insurance in this state shall use the standard insurance policy
forms adopted by the commissioner under Section 2301.008 for
residential property insurance and, subject to Subsection (b), may
also use alternative policy forms approved by the commissioner
under Section 2301.006.
(b) An insurer may not deliver or issue for delivery in this
state a residential property insurance policy unless the insurer
informs all applicants for that insurance coverage, in the manner
prescribed by commissioner rule, that an applicant otherwise
qualified for that insurance coverage under this code may elect to
obtain residential property insurance coverage under a standard
insurance policy adopted by the commissioner under Section
2301.008.
SECTION _.004. This article applies only to an insurance
policy delivered, issued for delivery, or renewed on or after
January 1, 2010. A policy delivered, issued for delivery, or
renewed before January 1, 2010, is governed by the law as it existed
immediately before the effective date of this Act, and that law is
continued in effect for that purpose.
(2) Renumber the ARTICLES of the bill accordingly.