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A BILL TO BE ENTITLED
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AN ACT
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relating to the coverage of damage from tornadoes and wildfires by |
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the Texas Windstorm Insurance Association. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 2210.001, Insurance Code, is amended to |
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read as follows: |
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Sec. 2210.001. PURPOSE. The primary purpose of the Texas |
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Windstorm Insurance Association is the provision of an adequate |
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market for windstorm and hail insurance in the seacoast territory |
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of this state and tornado insurance and wildfire insurance |
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statewide. The legislature finds that the provision of adequate |
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windstorm and hail insurance, tornado insurance, and wildfire |
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insurance is necessary to the economic welfare of this state, and |
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without that insurance, the orderly growth and development of this |
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state would be severely impeded. This chapter provides a method by |
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which adequate windstorm and hail insurance may be obtained in |
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certain designated portions of the seacoast territory of this state |
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and tornado insurance and wildfire insurance may be obtained |
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statewide. The association is intended to serve as a residual |
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insurer of last resort for windstorm and hail insurance in the |
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seacoast territory and tornado insurance and wildfire insurance |
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statewide. The association shall: |
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(1) function in such a manner as to not be a direct |
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competitor in the private market; and |
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(2) provide windstorm and hail insurance coverage, |
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tornado insurance coverage, and wildfire insurance coverage to |
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those who are unable to obtain [that] coverage in the private |
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market. |
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SECTION 2. Section 2210.003, Insurance Code, is amended by |
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amending Subdivision (6) and adding Subdivisions (14), (15), and |
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(16) to read as follows: |
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(6) "Insurance" means: |
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(A) Texas windstorm and hail insurance; |
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(B) tornado insurance; and |
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(C) wildfire insurance. |
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(14) "Tornado insurance" means insurance against: |
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(A) direct loss to insurable property incurred as |
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a result of a tornado, as those terms are defined and limited in |
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policies and forms approved by the department; and |
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(B) indirect losses resulting from the direct |
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loss. |
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(15) "Wildfire" means an uncontrolled blaze fueled by |
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weather, wind, and dry underbrush, trees, grasses, and other |
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flammable material. |
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(16) "Wildfire insurance" means insurance against: |
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(A) direct loss to insurable property incurred as |
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a result of wildfire, as those terms are defined and limited in |
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policies and forms approved by the department; and |
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(B) indirect losses resulting from the direct |
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loss. |
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SECTION 3. Sections 2210.004(a), (b), (c), and (d), |
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Insurance Code, are amended to read as follows: |
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(a) Except as provided by Subsection (h), for purposes of |
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this chapter and subject to this section, "insurable property" |
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means immovable property at a fixed location in a catastrophe area |
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or corporeal movable property located in that immovable property, |
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as designated in the plan of operation, that is determined by the |
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association according to the criteria specified in the plan of |
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operation to be in an insurable condition against windstorm and |
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hail, tornado, and wildfire, as determined by normal underwriting |
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standards. The term includes property described by Section |
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2210.209. |
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(b) A structure located in a catastrophe area, construction |
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of which began on or after the 30th day after the date of |
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publication of the plan of operation, that is not built in |
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compliance with building specifications set forth in the plan of |
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operation or continued in compliance with those specifications, |
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does not constitute an insurable risk for purposes of windstorm and |
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hail insurance, tornado insurance, or wildfire insurance except as |
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otherwise provided by this chapter. |
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(c) A structure, or an addition to a structure, that is |
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constructed in conformity with plans and specifications that comply |
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with the specifications set forth in the plan of operation at the |
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time construction begins may not be declared ineligible for |
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windstorm and hail insurance, tornado insurance, or wildfire |
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insurance as a result of subsequent changes in the building |
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specifications set forth in the plan of operation. |
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(d) Except as otherwise provided by this section, if repair |
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of damage to a structure involves replacement of items covered in |
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the building specifications set forth in the plan of operation, the |
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repairs must be completed in a manner that complies with those |
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specifications for the structure to continue to be insurable |
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property for windstorm and hail insurance, tornado insurance, and |
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wildfire insurance. |
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SECTION 4. Sections 2210.005(a) and (c), Insurance Code, |
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are amended to read as follows: |
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(a) After at least 10 days' notice and a hearing, the |
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commissioner may designate, with respect to windstorm and hail |
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insurance, an area of the seacoast territory of this state as a |
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catastrophe area or, with respect to tornado insurance and wildfire |
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insurance, any area of this state as a catastrophe area if the |
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commissioner determines, unless such a determination results in an |
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adverse impact to the exposure of the association, that windstorm |
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and hail insurance, tornado insurance, or wildfire insurance is not |
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reasonably available to a substantial number of the owners of |
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insurable property located in the area [that territory] because the |
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area [territory] is subject to unusually frequent and severe damage |
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resulting from windstorms, [or] hailstorms, tornadoes, or |
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wildfires. |
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(c) If the association determines that windstorm and hail |
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insurance, tornado insurance, or wildfire insurance is no longer |
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reasonably unavailable to a substantial number of owners of |
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insurable property in a territory designated as a catastrophe area, |
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the association may request in writing that the commissioner revoke |
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the designation. After at least 10 days' notice and a hearing, but |
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not later than the 30th day after the date of the hearing, the |
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commissioner shall: |
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(1) approve the request and revoke the designation; or |
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(2) reject the request. |
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SECTION 5. Section 2210.009(a), Insurance Code, is amended |
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to read as follows: |
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(a) The department shall maintain a list of all insurers |
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that engage in the business of property and casualty insurance in |
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the voluntary market in a municipality or county that is or that |
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includes a catastrophe area [the seacoast territory]. |
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SECTION 6. Section 2210.015(a), Insurance Code, is amended |
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to read as follows: |
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(a) Each biennium, the department shall conduct a study of |
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market incentives to promote participation in the voluntary |
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windstorm and hail insurance, tornado insurance, and wildfire |
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insurance markets [market] in [the seacoast territory of] this |
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state. The study must address as possible incentives the mandatory |
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or voluntary issuance of windstorm and hail insurance, tornado |
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insurance, and wildfire insurance in conjunction with the issuance |
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of a homeowners policy [in the seacoast territory]. |
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SECTION 7. Section 2210.053(b), Insurance Code, is amended |
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to read as follows: |
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(b) The department may develop programs to improve the |
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efficient operation of the association, including a program for |
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approving policy forms under Section 2301.010 and a program |
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designed to create incentives for insurers to write windstorm and |
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hail insurance, tornado insurance, and wildfire insurance |
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voluntarily to cover property located in a catastrophe area, |
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especially property located on the barrier islands of this state. |
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SECTION 8. Section 2210.102(b), Insurance Code, is amended |
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to read as follows: |
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(b) Three members must be representatives of the insurance |
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industry who actively write and renew: |
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(1) tornado insurance or wildfire insurance; or |
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(2) windstorm and hail insurance in the first tier |
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coastal counties. |
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SECTION 9. Section 2210.151, Insurance Code, is amended to |
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read as follows: |
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Sec. 2210.151. ADOPTION OF PLAN OF OPERATION. With the |
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advice of the board of directors, the commissioner by rule shall |
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adopt the plan of operation to provide Texas windstorm and hail |
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insurance, tornado insurance, and wildfire insurance in a |
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catastrophe area. |
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SECTION 10. Section 2210.152(a), Insurance Code, is amended |
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to read as follows: |
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(a) The plan of operation must: |
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(1) provide for the efficient, economical, fair, and |
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nondiscriminatory administration of the association; and |
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(2) include: |
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(A) a plan for the equitable assessment of the |
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members of the association to defray losses and expenses; |
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(B) underwriting standards; |
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(C) procedures for accepting and ceding |
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reinsurance; |
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(D) procedures for obtaining and repaying |
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amounts under any financial instruments authorized under this |
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chapter; |
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(E) procedures for determining the amount of |
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insurance to be provided to specific risks; |
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(F) time limits and procedures for processing |
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applications for insurance; |
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(G) a requirement that a nonresident agent |
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licensed under Section 4056.052 may not offer or sell a Texas |
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windstorm and hail insurance policy, tornado insurance policy, or |
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wildfire insurance policy under this chapter unless the nonresident |
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agent's state of residence authorizes a resident agent licensed in |
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this state to act in the nonresident agent's state as an agent for |
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that state's residual insurer of last resort for windstorm and hail |
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insurance, tornado insurance, or wildfire insurance; and |
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(H) other provisions as considered necessary by |
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the department to implement the purposes of this chapter. |
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SECTION 11. Sections 2210.202(a) and (b), Insurance Code, |
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are amended to read as follows: |
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(a) A person who has an insurable interest in insurable |
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property may apply to the association for insurance coverage |
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provided under the plan of operation and an inspection of the |
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property, subject to any rules established by the board of |
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directors and approved by the commissioner. The association shall |
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make insurance available to each applicant in the catastrophe area |
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whose property is insurable property but who, after diligent |
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efforts, is unable to obtain property insurance through the |
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voluntary market, as evidenced by one declination from an insurer |
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authorized to engage in the business of, and writing, property |
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insurance providing windstorm and hail coverage in the first tier |
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coastal counties or tornado insurance or wildfire insurance in this |
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state. For purposes of this section, "declination" has the meaning |
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assigned by the plan of operation and shall include a refusal to |
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offer coverage for the perils of windstorm and hail, tornado, or |
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wildfire and the inability to obtain substantially equivalent |
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insurance coverage for the perils of windstorm and hail, tornado, |
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or wildfire. Notwithstanding Section 2210.203(c), evidence of one |
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declination every three calendar years is required before renewal |
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of an association policy. |
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(b) A property and casualty agent must submit an application |
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for initial insurance coverage on behalf of the applicant on forms |
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prescribed by the association. An application for initial coverage |
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must contain: |
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(1) a statement as to whether the applicant has |
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submitted or will submit the required premium payment from personal |
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funds or, if not, to whom a balance is or will be due; and |
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(2) a statement that the agent acting on behalf of the |
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applicant possesses proof of the declination described by |
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Subsection (a) and, with respect to windstorm and hail insurance, |
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proof of flood insurance coverage or unavailability of that |
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coverage as described by Section 2210.203(a-1). |
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SECTION 12. Section 2210.203(a-1), Insurance Code, is |
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amended to read as follows: |
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(a-1) This subsection applies only to windstorm and hail |
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insurance and a structure constructed, altered, remodeled, or |
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enlarged on or after September 1, 2009, and only for insurable |
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property located in areas designated by the commissioner. |
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Notwithstanding Subsection (a), if all or any part of the property |
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to which this subsection applies is located in Zone V or another |
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similar zone with an additional hazard associated with storm waves, |
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as defined by the National Flood Insurance Program, and if flood |
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insurance under that federal program is available, the association |
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may not issue an insurance policy for initial or renewal coverage |
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unless evidence that the property is covered by a flood insurance |
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policy is submitted to the association. An agent offering or |
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selling a Texas windstorm and hail insurance policy in any area |
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designated by the commissioner under this subsection shall offer |
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flood insurance coverage to the prospective insured, if that |
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coverage is available. |
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SECTION 13. Section 2210.2031(b), Insurance Code, is |
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amended to read as follows: |
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(b) The process established under Subsection (a) must: |
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(1) provide for the association to verify: |
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(A) the declination required by Section |
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2210.202; |
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(B) with respect to windstorm and hail coverage, |
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flood insurance coverage required by Section 2210.203; and |
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(C) any other information related to |
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insurability of a property, including changes to the condition or |
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value of the property that would affect the availability of |
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coverage or premium cost to insure the property; and |
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(2) provide an opportunity for the policyholder to |
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elect to cancel the policy before the policy automatically renews. |
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SECTION 14. Section 2210.205(a), Insurance Code, is amended |
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to read as follows: |
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(a) A windstorm and hail insurance policy, tornado |
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insurance policy, or wildfire insurance policy issued by the |
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association must: |
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(1) require an insured to file a claim under the policy |
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not later than the first anniversary of the date on which the damage |
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to property that is the basis of the claim occurs; |
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(2) contain, in boldface type, a conspicuous notice |
|
concerning the resolution of disputes under the policy, including: |
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(A) the processes and deadlines for appraisal |
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under Section 2210.574 and alternative dispute resolution under |
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Section 2210.575; |
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(B) the binding effect of appraisal under Section |
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2210.574; and |
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(C) the necessity of complying with the |
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requirements of Subchapter L-1 to seek relief, including judicial |
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relief; and |
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(3) contain a conspicuous notice concerning the |
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availability of supplemental payments under the policy, including: |
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(A) a description of the process for requesting a |
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supplemental payment; and |
|
(B) notice of applicable deadlines related to |
|
supplemental payments. |
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SECTION 15. The heading to Section 2210.207, Insurance |
|
Code, is amended to read as follows: |
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Sec. 2210.207. WINDSTORM AND HAIL INSURANCE, TORNADO |
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INSURANCE, AND WILDFIRE INSURANCE: REPLACEMENT COST COVERAGE. |
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SECTION 16. Sections 2210.207(b) and (e), Insurance Code, |
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are amended to read as follows: |
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(b) Subject to any applicable deductibles and the limits for |
|
the coverage purchased by the insured, a windstorm and hail |
|
insurance policy, tornado insurance policy, or wildfire insurance |
|
policy issued by the association may include replacement cost |
|
coverage for one- and two-family dwellings, including |
|
outbuildings, as provided under the dwelling extension coverage in |
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the policy. |
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(e) Notwithstanding this chapter or any other law, the |
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commissioner, after notice and hearing, may adopt rules to: |
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(1) authorize the association to provide actual cash |
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value coverage instead of replacement cost coverage on the roof |
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covering of a building insured by the association; and |
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(2) establish: |
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(A) the conditions under which the association |
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may provide that actual cash value coverage; |
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(B) the appropriate premium reductions when |
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coverage for the roof covering is provided on an actual cash value |
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basis; and |
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(C) the disclosure that must be provided to the |
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policyholder, prominently displayed on the face of the windstorm |
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and hail insurance policy, tornado insurance policy, or wildfire |
|
insurance policy. |
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SECTION 17. The heading to Section 2210.208, Insurance |
|
Code, is amended to read as follows: |
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Sec. 2210.208. WINDSTORM AND HAIL INSURANCE, TORNADO |
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INSURANCE, AND WILDFIRE INSURANCE: COVERAGE FOR CERTAIN INDIRECT |
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LOSSES. |
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SECTION 18. Sections 2210.208(a) and (b), Insurance Code, |
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are amended to read as follows: |
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(a) Except as provided by Subsections (e) and (f), a |
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windstorm and hail insurance policy, tornado insurance policy, or |
|
wildfire insurance policy issued by the association for a dwelling, |
|
as that term is defined by the department or a successor to the |
|
department, must include coverage for: |
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(1) with respect to a windstorm and hail insurance |
|
policy, wind-driven rain damage, regardless of whether an opening |
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is made by the wind; |
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(2) loss of use; and |
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(3) consequential losses. |
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(b) A windstorm and hail insurance policy, tornado |
|
insurance policy, or wildfire insurance policy issued by the |
|
association for tenant contents of a dwelling or other residential |
|
building must include coverage for loss of use and consequential |
|
losses. |
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SECTION 19. The heading to Subchapter F, Chapter 2210, |
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Insurance Code, is amended to read as follows: |
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SUBCHAPTER F. PROPERTY INSPECTIONS [FOR WINDSTORM AND HAIL |
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INSURANCE] |
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SECTION 20. Section 2210.253, Insurance Code, is amended to |
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read as follows: |
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Sec. 2210.253. INITIAL INSURER ASSESSMENT[: FIRST TIER |
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COASTAL COUNTY]. (a) In this section, "property insurance" means a |
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commercial or residential insurance policy prescribed or approved |
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by the department that provides coverage for windstorm and hail |
|
damage, including a Texas windstorm and hail insurance policy, or |
|
loss from tornado or wildfire. |
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(b) The department shall assess each insurer that provides |
|
property insurance in [a first tier coastal county in] accordance |
|
with this section. |
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(c) The total assessment under this section in a state |
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fiscal year must be in the amount estimated by the department as |
|
necessary to cover the administrative costs of the [windstorm] |
|
inspection program under Section 2210.251 to be incurred in [the |
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first tier coastal counties in] that fiscal year. |
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(d) The assessment must be based on each insurer's |
|
proportionate share of the total extended coverage and other allied |
|
lines premium received by all insurers for property insurance in |
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the state [first tier coastal counties] in the calendar year |
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preceding the year in which the assessment is made. |
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(e) The commissioner shall adopt rules to implement the |
|
assessment of insurers under this section. |
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SECTION 21. Section 2210.2551(b), Insurance Code, is |
|
amended to read as follows: |
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(b) The commissioner by rule shall establish criteria to |
|
ensure that a person seeking appointment as a qualified inspector |
|
under this subchapter possesses the knowledge, understanding, and |
|
professional competence to perform [windstorm] inspections for the |
|
issuance of a certificate of compliance under Section 2210.2515(d) |
|
and to comply with other requirements of this chapter. |
|
SECTION 22. Section 2210.258, Insurance Code, is amended by |
|
adding Subsection (a-1) to read as follows: |
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(a-1) This section applies only to windstorm and hail |
|
insurance. |
|
SECTION 23. Section 2210.3511(a), Insurance Code, is |
|
amended to read as follows: |
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(a) The association shall make the association's rate |
|
adequacy analysis publicly available on its Internet website for at |
|
least 14 days before the date the board of directors votes on the |
|
submission of a proposed rate filing based on the analysis to the |
|
department. The rate adequacy analysis must include: |
|
(1) all user selected hurricane, tornado, or wildfire |
|
model input assumptions; and |
|
(2) output data: |
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(A) with the same content and in the same format |
|
that is customarily provided to: |
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(i) the association by hurricane modelers; |
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and |
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(ii) the department by the association; and |
|
(B) in a searchable electronic format that allows |
|
for efficient analysis and is sufficiently detailed to allow the |
|
historical experience in this state to be compared to results |
|
produced by the model. |
|
SECTION 24. Section 2210.355(g), Insurance Code, is amended |
|
to read as follows: |
|
(g) A commission paid to an agent for a windstorm and hail |
|
insurance policy, tornado insurance policy, or wildfire insurance |
|
policy issued by the association must comply with the commission |
|
structure approved by the commissioner under Section 2210.203(d) |
|
and be reasonable, adequate, not unfairly discriminatory, and |
|
nonconfiscatory. |
|
SECTION 25. Section 2210.359(a), Insurance Code, is amended |
|
to read as follows: |
|
(a) Except as otherwise provided by this subsection, a rate |
|
approved by the commissioner under this subchapter may not reflect |
|
an average rate change that is more than 10 percent higher or lower |
|
than the rate for commercial windstorm and hail insurance, |
|
commercial tornado insurance, or commercial wildfire insurance or |
|
10 percent higher or lower than the rate for noncommercial |
|
windstorm and hail insurance, noncommercial tornado insurance, or |
|
noncommercial wildfire insurance in effect on the date the filing |
|
is made. The rate may not reflect a rate change for an individual |
|
rating class that is 15 percent higher or lower than the rate for |
|
that individual rating class in effect on the date the filing is |
|
made. This subsection does not apply to a rate filed under Sections |
|
2210.351(a)-(d). |
|
SECTION 26. Section 2210.455(b), Insurance Code, is amended |
|
to read as follows: |
|
(b) The catastrophe plan must: |
|
(1) describe the manner in which the association will, |
|
during the period covered by the plan, evaluate losses and process |
|
claims after the following windstorms affecting an area of maximum |
|
exposure to the association: |
|
(A) a windstorm with a four percent chance of |
|
occurring during the period covered by the plan; |
|
(B) a windstorm with a two percent chance of |
|
occurring during the period covered by the plan; and |
|
(C) a windstorm with a one percent chance of |
|
occurring during the period covered by the plan; [and] |
|
(2) include, if the association does not purchase |
|
reinsurance under Section 2210.453 for the period covered by the |
|
plan, an actuarial plan for paying losses in the event of a |
|
catastrophe with estimated damages of $2.5 billion or more; and |
|
(3) describe the manner in which the association will, |
|
during the period covered by the plan, evaluate losses and process |
|
claims after tornadoes or wildfires affecting an area of maximum |
|
exposure to the association. |
|
SECTION 27. Section 2210.501(a), Insurance Code, is amended |
|
to read as follows: |
|
(a) The board of directors shall propose the maximum |
|
liability limits under a windstorm and hail insurance policy, |
|
tornado insurance policy, and wildfire insurance policy issued by |
|
the association under this chapter. The maximum liability limits |
|
are considered approved by the commissioner unless the commissioner |
|
disapproves or modifies the liability limits by order issued not |
|
later than the 30th day after the date of receipt of a filing under |
|
Section 2210.503. |
|
SECTION 28. Section 2210.502(b), Insurance Code, is amended |
|
to read as follows: |
|
(b) An adjustment to the maximum liability limits that is |
|
approved by the commissioner applies to each windstorm and hail |
|
insurance policy, tornado insurance policy, and wildfire insurance |
|
policy delivered, issued for delivery, or renewed on or after |
|
January 1 of the year following the date of the approval. The |
|
indexing of the limits shall adjust for changes occurring on and |
|
after January 1, 1997. |
|
SECTION 29. Section 2210.505(a), Insurance Code, is amended |
|
to read as follows: |
|
(a) Notwithstanding any other law, the association may |
|
issue a windstorm and hail insurance policy, tornado insurance |
|
policy, or wildfire insurance policy that includes coverage for an |
|
amount in excess of a maximum liability limit established under |
|
Sections 2210.501-2210.504 if the association first obtains from a |
|
reinsurer approved by the commissioner reinsurance for the full |
|
amount of policy exposure above that limit. |
|
SECTION 30. Section 2210.571(1), Insurance Code, is amended |
|
to read as follows: |
|
(1) "Association policy" means a windstorm and hail |
|
insurance policy, tornado insurance policy, or wildfire insurance |
|
policy issued by the association. |
|
SECTION 31. Section 2210.5732(a), Insurance Code, is |
|
amended to read as follows: |
|
(a) The association is authorized to provide for |
|
supplemental payments under a windstorm and hail insurance policy, |
|
tornado insurance policy, and wildfire insurance policy issued by |
|
the association. |
|
SECTION 32. Section 2210.601, Insurance Code, is amended to |
|
read as follows: |
|
Sec. 2210.601. PURPOSE. The legislature finds that |
|
authorizing the issuance of public securities to provide a method |
|
to raise funds to provide [windstorm and hail insurance] through |
|
the association windstorm and hail insurance in certain designated |
|
portions of the state and tornado insurance and wildfire insurance |
|
statewide is for the benefit of the public and in furtherance of a |
|
public purpose. |
|
SECTION 33. Section 2210.6132(c), Insurance Code, is |
|
amended to read as follows: |
|
(c) The premium surcharge under this section shall be |
|
assessed on all policyholders of policies that cover insured |
|
property that is located in a catastrophe area, including |
|
automobiles principally garaged in a catastrophe area. The premium |
|
surcharge shall be assessed on each Texas windstorm and hail |
|
insurance policy, each tornado insurance policy, and each wildfire |
|
insurance policy issued by the association and each property and |
|
casualty policy, including an automobile insurance policy, issued |
|
for automobiles and other property located in the catastrophe area. |
|
A premium surcharge under Subsection (b) applies to: |
|
(1) all policies written under the following lines of |
|
insurance: |
|
(A) fire and allied lines; |
|
(B) farm and ranch owners; |
|
(C) residential property insurance; |
|
(D) private passenger automobile liability and |
|
physical damage insurance; and |
|
(E) commercial automobile liability and physical |
|
damage insurance; and |
|
(2) the property insurance portion of a commercial |
|
multiple peril insurance policy. |
|
SECTION 34. Section 2210.652, Insurance Code, is amended to |
|
read as follows: |
|
Sec. 2210.652. COMPOSITION OF BOARD. The [windstorm |
|
insurance legislative oversight] board is composed of eight members |
|
as follows: |
|
(1) four members of the senate appointed by the |
|
lieutenant governor, including the chairperson of the Senate |
|
Business and Commerce Committee, who shall serve as co-chairperson |
|
of the board; and |
|
(2) four members of the house of representatives |
|
appointed by the speaker of the house of representatives. |
|
SECTION 35. Section 2210.653(a), Insurance Code, is amended |
|
to read as follows: |
|
(a) The board shall: |
|
(1) receive information about rules proposed by the |
|
department relating to windstorm and hail insurance, tornado |
|
insurance, and wildfire insurance, and may submit comments to the |
|
commissioner on the proposed rules; |
|
(2) monitor windstorm and hail insurance, tornado |
|
insurance, and wildfire insurance in this state, including: |
|
(A) the adequacy of rates; |
|
(B) the operation of the association; and |
|
(C) the availability of coverage; and |
|
(3) review recommendations for legislation proposed |
|
by the department or the association. |
|
SECTION 36. Section 2210.654(b), Insurance Code, is amended |
|
to read as follows: |
|
(b) The report must include: |
|
(1) an analysis of any problems identified; and |
|
(2) recommendations for any legislative action |
|
necessary to address those problems and to foster stability, |
|
availability, and competition within the windstorm and hail |
|
insurance, tornado insurance, and wildfire insurance industries |
|
[industry]. |
|
SECTION 37. (a) The plan of operation adopted under |
|
Chapter 2210, Insurance Code, as amended by this Act, must provide |
|
that the Texas Windstorm Insurance Association issue tornado |
|
insurance policies and wildfire insurance policies under that |
|
chapter not later than January 1, 2022. |
|
(b) The commissioner of insurance shall adopt rules |
|
necessary to ensure that the Texas Windstorm Insurance Association |
|
issue insurance policies under Chapter 2210, Insurance Code, as |
|
amended by this Act, not later than January 1, 2022. |
|
SECTION 38. This Act takes effect September 1, 2021. |