| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 87R4653 SMT-F | |
| 2 | 2 | By: Buckingham S.B. No. 1748 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to operating requirements for farm mutual insurance | |
| 8 | 8 | companies related to insurance in force on rural property. | |
| 9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. Section 911.301, Insurance Code, is amended by | |
| 11 | 11 | amending Subsection (a) and adding Subsections (e) and (f) to read | |
| 12 | 12 | as follows: | |
| 13 | 13 | (a) In this section: | |
| 14 | 14 | (1) "Census year" means a year in which the United | |
| 15 | 15 | States Census Bureau conducts a federal decennial census. | |
| 16 | 16 | (2) "Rural [, "rural] property" means property located | |
| 17 | 17 | outside an area of land subject to the taxing authority of a | |
| 18 | 18 | municipality with a population of more than 6,500, adjusted in | |
| 19 | 19 | accordance with Subsection (e) [2,500]. | |
| 20 | 20 | (e) On January 1 of the second year following a census year, | |
| 21 | 21 | the population limit described by Subsection (a)(2) increases or | |
| 22 | 22 | decreases by a percentage that is equal to the percentage increase | |
| 23 | 23 | or decrease in the population of this state from the previous | |
| 24 | 24 | decennial census. | |
| 25 | 25 | (f) Not later than November 1 of the year following a census | |
| 26 | 26 | year, the commissioner shall: | |
| 27 | 27 | (1) compute the new population limit in accordance | |
| 28 | 28 | with Subsection (e); and | |
| 29 | 29 | (2) publish the limit on the department's Internet | |
| 30 | 30 | website. | |
| 31 | 31 | SECTION 2. This Act takes effect September 1, 2021. |