By: Thompson H.B. No. 3211
A BILL TO BE ENTITLED
AN ACT
relating to commissions paid by the Texas Windstorm Insurance
Association.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 2210.355(g), Insurance Code, is amended
to read as follows:
(g) A commission paid to an agent for an association policy
must be reasonable, adequate, not unfairly discriminatory, and
nonconfiscatory and may not exceed 10% with refund for any unearned
portion.
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, 2011.