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By: Smithee (Senate Sponsor - Zaffirini) |
H.B. No. 1555 |
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(In the Senate - Received from the House April 15, 2019; |
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April 16, 2019, read first time and referred to Committee on |
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Business & Commerce; May 2, 2019, reported favorably by the |
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following vote: Yeas 8, Nays 0; May 2, 2019, sent to printer.) |
| Click here to see the committee vote |
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A BILL TO BE ENTITLED
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AN ACT
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relating to the status of personal automobile or residential |
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property insurance policy summary documents. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter B, Chapter 2301, Insurance Code, is |
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amended by adding Section 2301.057 to read as follows: |
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Sec. 2301.057. CERTAIN DOCUMENTS NOT PART OF FORM. (a) A |
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document providing a summary of a policy of personal automobile |
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insurance or residential property insurance or a summary of an |
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endorsement to such a policy or other ancillary material, including |
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an advertisement for the policy or endorsement, is not part of the |
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policy or endorsement form. |
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(b) A summary described by Subsection (a) does not modify |
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the provisions of the insurance policy for which the summary was |
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provided. |
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(c) A summary described by Subsection (a) is not admissible |
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as evidence of the coverage provided by the insurance policy for |
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which the summary is provided. |
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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, 2019. |
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* * * * * |