Amend CSHB 4354 (house committee report) by adding the following appropriately numbered SECTION to the bill and renumbering subsequent SECTIONS of the bill accordingly:
SECTION ____. Subchapter J, Chapter 2210, Insurance Code, is amended by adding Section 2210.456 to read as follows:
Sec. 2210.456. FORTIFIED HOMES PROGRAM. (a) Subject to a plan approved by the commissioner, the association may administer a fortified homes program.
(b) Each year, the association may fund the fortified homes program using money from the catastrophe reserve trust fund not to exceed $500,000 annually.
(c) The fortified homes program must be designed to:
(1) improve preparedness for windstorm and hail catastrophes; and
(2) reduce potential losses in the event of such a catastrophe.
(d) Money may not be used under this section if the commissioner determines that an expenditure from the trust fund would:
(1) jeopardize the actuarial soundness of the association; or
(2) materially impair the ability of the association to serve the state purposes for which the association was established.