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