By: Bonnen of Brazoria H.B. No. 3008
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the use of assets of the Texas Windstorm Insurance
  Association.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Sec. 2210.008.  DEPARTMENT ORDERS; GENERAL
  RULEMAKING AUTHORITY.  (a)  The commissioner may issue any orders
  that the commissioner considers necessary to implement this chapter
  including:
               (1)  an order enforcing the requirement for the
  Association to limit the use of each calendar year's premium and
  other revenue to losses, including loss adjustment expenses, and
  operating expenses incurred during that calendar year; or
               (2)  an order requiring the Association to transfer
  that calendar year's premium and other revenue in excess of the
  calendar year's losses, including loss adjustment expenses, and
  operating expenses to the fund established under Sec. 2210.452.
         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, 2013.