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Amend SB 463 as follows:                                                     

(1)  Strike SECTION 1 of the bill (page 1, line 5, through 	page 2, line 18, house committee printing) and substitute the 
following:
	SECTION 1.  Section 3(f), Article 21.49, Insurance Code, is 
amended to read as follows:
	(f)  "Insurable Property" means immovable property at fixed 
locations in a catastrophe area or corporeal movable property 
located therein (as may be designated in the plan of operation) 
which property is determined by the Association, pursuant to the 
criteria specified in the plan of operation to be in an insurable 
condition against windstorm, hail and/or fire and explosion as 
appropriate, as determined by normal underwriting standards; 
provided, however, that insofar as windstorm and hail insurance is 
concerned, any structure located within a catastrophe area, 
commenced on or after the 30th day following the publication of the 
plan of operation, not built or continuing in compliance with 
building specifications set forth in the plan of operation shall 
not be an insurable risk under this Act except as otherwise provided 
under this Act.  A structure, or an addition thereto, which is 
constructed in conformity with plans and specifications that comply 
with the specifications set forth in the plan of operation at the 
time construction commences shall not be declared ineligible for 
windstorm and hail insurance as a result of subsequent changes in 
the building specifications set forth in the plan of operation.  
When repair of damage to a structure involves replacement of items 
covered in the building specifications as set forth in the plan of 
operation, such repairs must be completed in a manner to comply with 
such specifications for the structure to continue within the 
definition of Insurable Property for windstorm and hail insurance.  
Nothing in this Act shall preclude special rating of individual 
risks as may be provided in the plan of operation.  For purposes of 
this Act, all structures which are located within those areas 
designated as units under the federal Coastal Barrier Resources Act 
(Public Law 97-348) and for which construction has commenced on or 
after January 1, 2003, [July 1, 1991] shall not be considered 
insurable property.
	(2)  Insert the following new SECTION and renumber the 
SECTIONS of the bill appropriately:
	SECTION ____.  A structure for which construction commenced 
on or after July 1, 1991, but before January 1, 2003, is insurable 
property for purposes of Section 3(f), Article 21.49, Insurance 
Code, as amended by this Act.