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Amend CSHB 1774 (house committee printing) by adding the following appropriately numbered SECTIONS to the bill and renumbering the subsequent SECTIONS of the bill accordingly:
SECTION ____. Chapter 38, Insurance Code, is amended by adding Subchapter K to read as follows:
SUBCHAPTER K. CLAIMS REPORTING BY CERTAIN RESIDENTIAL PROPERTY INSURERS
Sec. 38.501. CLAIMS REPORTING BY CERTAIN RESIDENTIAL PROPERTY INSURERS. (a) In this section, "insurer" means an insurer as defined by Section 542A.001 that is engaged in the business of residential property insurance in this state.
(b) An insurer shall report to the department the denial of a claim under each residential insurance policy issued by the insurer.
(c) The report required under Subsection (b) must include:
(1) the zip code of the property covered by the residential insurance policy under which the claim is made; and
(2) each reason for the denial of the claim.
(d) The commissioner by rule shall adopt the form of the report required under Subsection (b).
SECTION ____. Not later than December 31, 2017, the commissioner of insurance shall adopt rules as necessary to implement Subchapter K, Chapter 38, Insurance Code, as added by this Act. An insurer subject to that subchapter shall make its initial report under that subchapter not later than the 60th day after the effective date of the rules.