|
|
|
A BILL TO BE ENTITLED
|
|
AN ACT
|
|
relating to the acknowledgment of rejection of residential property |
|
insurance coverage of cosmetic damage to a metal roof. |
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
SECTION 1. Subchapter C, Chapter 2002, Insurance Code, is |
|
amended by adding Section 2002.104 to read as follows: |
|
Sec. 2002.104. METAL ROOF COVERAGE REJECTION |
|
ACKNOWLEDGMENT. (a) In this section: |
|
(1) "Cosmetic metal roof coverage" means insurance |
|
coverage under a residential property insurance policy for damage |
|
to a metal roof regardless of whether the damage impedes the |
|
function of the roof. |
|
(2) "Residential property insurance" has the meaning |
|
assigned by Section 2301.002. |
|
(b) This section applies to each insurer that provides |
|
cosmetic metal roof coverage in this state, including a county |
|
mutual insurance company, farm mutual insurance company, Lloyd's |
|
plan, and reciprocal or interinsurance exchange. |
|
(c) Except as provided by Subsection (d), an insurer that |
|
offers cosmetic metal roof coverage shall require an insured who |
|
rejects, declines, or refuses to accept that coverage under a |
|
residential property insurance policy issued to that insured to |
|
acknowledge in writing that the insured has rejected, declined, or |
|
refused to accept that coverage and that the insured's policy does |
|
not include cosmetic metal roof coverage. |
|
(d) An insurer is not required to obtain the acknowledgment |
|
required by Subsection (c) from an insured on a renewal or |
|
reinstatement of, or on the issuance of a supplement to, a |
|
residential property insurance policy for which the insurer has |
|
already obtained an acknowledgment under that subsection. |
|
SECTION 2. The change in law made by this Act applies only |
|
to a residential property insurance policy that is delivered, |
|
issued for delivery, or renewed on or after January 1, 2024. |
|
SECTION 3. This Act takes effect September 1, 2023. |