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A BILL TO BE ENTITLED
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AN ACT
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relating to certain meetings of the board of directors of the Texas |
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Windstorm Insurance Association. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 2210.105, Insurance Code, is amended by |
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adding Subsections (h) and (i) to read as follows: |
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(h) A meeting to establish the association's probable |
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maximum loss and the annual rate setting meeting shall be held |
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in-person at a location within a first tier coastal county. |
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(i) A vote by a member of the board of directors at a meeting |
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described by Subsection (h) shall only count towards the |
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establishment of the probable maximum loss or the adoption of the |
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annual rate filing if the vote is cast by a member of the board of |
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directors in person at the meeting. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2025. |