Amend CSHB 1116 (house committee printing) by adding the following appropriately numbered SECTION to the bill and renumbering subsequent SECTIONS of the bill accordingly:
SECTION ____. Subchapter D, Chapter 154, Civil Practice and Remedies Code, is amended by adding Section 154.074 to read as follows:
Sec. 154.074. RESOLUTION OF DISPUTES BY CONTRACTUAL APPRAISAL PROCESS. A party must invoke a contractual appraisal process that resolves disputes over the amount of loss not later than the 60th day after the date the party receives or submits, as applicable, written notice of the dispute. The parties may invoke the appraisal process after the period described by this section by mutual agreement in a separate written agreement.