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A BILL TO BE ENTITLED
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AN ACT
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relating to payment of covered claims based on assignment. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 462.202, Insurance Code, is amended by |
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adding Subsection (c) to read as follows: |
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(c) A person has a covered claim under this chapter if the |
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person holds a valid assignment of a covered claim for unearned |
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premiums under Subsections (a) and (b). |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2015. |