84R4920 MEW-D
By: Gutierrez H.B. No. 772
A BILL TO BE ENTITLED
AN ACT
relating to the limitations period for bringing an action arising
from certain insurance claims.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter B, Chapter 542, Insurance Code, is
amended by adding Section 542.062 to read as follows:
Sec. 542.062. LIMITATIONS PERIOD. A person must bring an
action under this subchapter not later than four years after the
earlier of the date of:
(1) the rejection of the claim; or
(2) the act or omission giving rise to the cause of
action under this subchapter.
SECTION 2. The change in law made by this Act applies only
to a cause of action that accrues on or after the effective date of
this Act. A cause of action that accrues before the effective date
of this Act is governed by the law applicable to the cause of action
immediately before the effective date of this Act, and that law is
continued in effect for that purpose.
SECTION 3. This Act takes effect September 1, 2015.