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AN ACT
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relating to eligibility of surplus lines insurers to provide |
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windstorm and hail coverage. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 981.004, Insurance Code, is amended by |
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adding Subsection (e) to read as follows: |
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(e) Notwithstanding Subsection (a)(1), the availability of |
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windstorm and hail insurance from the Texas Windstorm Insurance |
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Association does not preclude an eligible surplus lines insurer |
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from providing windstorm and hail insurance under Subsection (a) or |
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limiting the amount of insurance that may be provided under |
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Subsection (b). |
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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, 2019. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 1940 was passed by the House on April |
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12, 2019, by the following vote: Yeas 143, Nays 0, 2 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 1940 was passed by the Senate on May |
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21, 2019, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: _____________________ |
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Date |
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_____________________ |
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Governor |