| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to the continuation of the windstorm insurance legislative |
|
|
funding and funding structure oversight board and to studies |
|
|
relating to the Texas Windstorm Insurance Association and the Fair |
|
|
Access to Insurance Requirements Plan. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 2210.664(b), Insurance Code, is amended |
|
|
to read as follows: |
|
|
(b) Not later than November 15, 2022 [2020], the board shall |
|
|
deliver a [the] report prepared under Subsection (a) to: |
|
|
(1) the governor; |
|
|
(2) the lieutenant governor; and |
|
|
(3) the speaker of the house of representatives. |
|
|
SECTION 2. Section 2210.665, Insurance Code, is amended to |
|
|
read as follows: |
|
|
Sec. 2210.665. EXPIRATION. This subchapter expires |
|
|
September 1, 2023 [2021]. |
|
|
SECTION 3. Sections 14(c) and (d), Chapter 790 (H.B. 1900), |
|
|
Acts of the 86th Legislature, Regular Session, 2019, are amended to |
|
|
read as follows: |
|
|
(c) Not later than January 1, 2023 [2021], the windstorm |
|
|
insurance legislative oversight board shall submit to the governor, |
|
|
the lieutenant governor, the speaker of the house of |
|
|
representatives, and the Texas Department of Insurance a written |
|
|
report of a [the] study conducted under this section. The report |
|
|
must include the findings and legislative recommendations of the |
|
|
board. |
|
|
(d) This section expires January 1, 2024 [2022]. |
|
|
SECTION 4. This Act takes effect September 1, 2021. |