81R11272 PMO-D
By: Coleman H.B. No. 3013
A BILL TO BE ENTITLED
AN ACT
relating to residential and commercial insurance deductibles.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2171.004, Insurance Code, is amended to
read as follows:
Sec. 2171.004. [RATE] FILINGS. An insurer shall file with
the commissioner in accordance with Chapter 2251 the following
information for commercial group property insurance written under
this chapter in this state:
(1) rates;
(2) deductibles;
(3) supplementary rating information; and
(4) [(3)] pertinent supporting information.
SECTION 2. Subchapter D, Chapter 2211, Insurance Code, is
amended by adding Section 2211.158 to read as follows:
Sec. 2211.158. RULES REGARDING COVERAGE. The commissioner
shall adopt rules as necessary to implement this subchapter,
including any rules necessary to:
(1) implement changes in the plan of operation; and
(2) standardize deductibles charged by the
association.
SECTION 3. Subchapter B, Chapter 2251, Insurance Code, is
amended by adding Section 2251.053 to read as follows:
Sec. 2251.053. DEDUCTIBLES. The commissioner by rule may
establish standards by which an insurer shall set deductible
amounts for residential and commercial insurance.
SECTION 4. This Act applies only to an insurance policy or
contract or evidence of coverage that is delivered, issued for
delivery, or renewed on or after January 1, 2010. An insurance
policy or contract or evidence of coverage delivered, issued for
delivery, or renewed before January 1, 2010, is governed by the law
as it existed immediately before the effective date of this Act, and
that law is continued in effect for that purpose.
SECTION 5. This Act takes effect September 1, 2009.