By: Middleton S.B. No. 1393
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to eligibility for coverage by the Fair Access to
  Insurance Requirements Plan in certain areas.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 2211.151, Insurance Code, is amended to
  read as follows:
         Sec. 2211.151.  MANDATORY COVERAGE PROVIDED TO CERTAIN
  INSUREDS.  (a)  The association shall make residential property
  insurance available to each applicant in an underserved area whose
  property is insurable in accordance with reasonable underwriting
  standards but who, after diligent efforts, is unable to obtain
  residential property insurance through the voluntary market, as
  evidenced by two declinations from insurers authorized to engage in
  the business of, and writing, residential property insurance in
  this state.
         (b)  For residential properties in the area surrounding, but
  not located more than four miles beyond, the Texas Windstorm
  Insurance Association catastrophe area designated under Section
  2210.005, an offer of coverage for the property through the
  voluntary market at a cost that exceeds 110 percent of the cost for
  an association policy providing substantially equivalent coverage
  of residential property with similar rating characteristics,
  including size, elevation, age, and construction standards, is
  considered a declination for purposes of establishing eligibility
  for coverage under Subsection (a).
         SECTION 2.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2023.