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A BILL TO BE ENTITLED
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AN ACT
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relating to certain insurers' insurance rating and underwriting |
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practices based on certain consumer inquiries. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 544.552, Insurance Code, is amended to |
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read as follows: |
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Sec. 544.552. APPLICABILITY. This subchapter applies only |
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to a standard fire, homeowners, or farm and ranch owners insurance |
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policy, including such policies written by: |
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(1) a farm mutual insurance company; |
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(2) a county mutual insurance company; |
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(3) a Lloyd's plan; and |
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(4) a reciprocal or interinsurance exchange. |
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SECTION 2. This Act applies only to an underwriting |
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decision made on or after the effective date of this Act or a rate |
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for an insurance policy that is delivered, issued for delivery, or |
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renewed on or after that date. An underwriting decision made before |
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the effective date of this Act or a rate for a policy delivered, |
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issued for delivery, or renewed before that date is governed by the |
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law as it existed immediately before the effective date of this Act, |
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and that law is continued in effect for that purpose. |
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SECTION 3. This Act takes effect September 1, 2015. |