Amend HB 1422 (house engrossed version) by adding the following appropriately numbered SECTION to the bill and renumbering subsequent SECTIONS of the bill as appropriate:
SECTION ___. Section 501.093(a), Transportation Code, is amended to read as follows:
(a) If an insurance company pays a claim on a nonrepairable motor vehicle or salvage motor vehicle and the insurance company does not acquire ownership of the motor vehicle, the insurance company shall:
(1) submit to the department, before the 31st day after the date of the payment of the claim, on the form prescribed by the department, a report stating that the insurance company:
(A) [(1)] has paid a claim on the motor vehicle; and
(B) [(2)] has not acquired ownership of the motor vehicle; and
(2) provide notice to the owner of the motor vehicle of:
(A) the report required under Subdivision (1); and
(B) the requirements for operation or transfer of ownership of the motor vehicle under Subsection (b).