87R8942 SMT-D
By: Bonnen H.B. No. 3684
A BILL TO BE ENTITLED
AN ACT
relating to the continuation of the windstorm insurance legislative
funding and funding structure oversight board and to studies
relating to the Texas Windstorm Insurance Association and the Fair
Access to Insurance Requirements Plan.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2210.664(b), Insurance Code, is amended
to read as follows:
(b) Not later than November 15, 2022 [2020], the board shall
deliver a [the] report prepared under Subsection (a) to:
(1) the governor;
(2) the lieutenant governor; and
(3) the speaker of the house of representatives.
SECTION 2. Section 2210.665, Insurance Code, is amended to
read as follows:
Sec. 2210.665. EXPIRATION. This subchapter expires
September 1, 2023 [2021].
SECTION 3. Sections 14(c) and (d), Chapter 790 (H.B. 1900),
Acts of the 86th Legislature, Regular Session, 2019, are amended to
read as follows:
(c) Not later than January 1, 2023 [2021], the windstorm
insurance legislative oversight board shall submit to the governor,
the lieutenant governor, the speaker of the house of
representatives, and the Texas Department of Insurance a written
report of a [the] study conducted under this section. The report
must include the findings and legislative recommendations of the
board.
(d) This section expires January 1, 2024 [2022].
SECTION 4. This Act takes effect September 1, 2021.