S.B. No. 1227
AN ACT
relating to payment of covered claims based on assignment.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 462.202, Insurance Code, is amended by
adding Subsection (c) to read as follows:
(c) A person has a covered claim under this chapter if the
person holds a valid assignment of a covered claim for unearned
premiums under Subsections (a) and (b).
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, 2015.
______________________________ ______________________________
President of the Senate Speaker of the House
I hereby certify that S.B. No. 1227 passed the Senate on
May 20, 2015, by the following vote: Yeas 31, Nays 0.
______________________________
Secretary of the Senate
I hereby certify that S.B. No. 1227 passed the House on
May 27, 2015, by the following vote: Yeas 144, Nays 0, two
present not voting.
______________________________
Chief Clerk of the House
Approved:
______________________________
Date
______________________________
Governor