Texas House Bill HB3310

Texas 2023 - 88th Regular

• Filed: 3/2/23
• Out of House Committee: 4/20/23
• Voted on by House: 4/28/23
• Out of Senate Committee: 5/17/23
• Voted on by Senate: 5/19/23
• Governor Action: 6/11/23

Caption

Relating to deadlines for the claims appraisal process of the Texas Windstorm Insurance Association.

Impact

If enacted, HB 3310 will amend section 2210.574 of the Texas Insurance Code to empower the Commissioner of Insurance to set rules governing appraisal deadlines. This change is intended to promote prompt resolutions of claims, potentially impacting how quickly affected parties can get compensation for losses related to windstorm damages. The emphasis on timely appraisals is also rooted in addressing challenges highlighted in the Texas Windstorm Insurance Association's biannual report.

Summary

House Bill 3310 pertains to the claims appraisal process of the Texas Windstorm Insurance Association. It aims to introduce deadlines for the appraisal process, which currently does not have established timelines. This legislation is an effort to enhance the efficiency of claims handling and aims to mitigate prolonged disputes between claimants and the insurance association. By allowing the Commissioner of Insurance to establish appraisal completion timelines, the bill seeks to standardize and expedite the resolution of claims across the state.

Sentiment

The sentiment surrounding HB 3310 appears generally positive among supporters, who believe that establishing deadlines is a critical step toward improving the claims process. This view is backed by the Texas Windstorm Insurance Association, which recommended the changes to avoid complications and delays that frustrate policyholders. However, there may be concerns about ensuring that the deadlines do not compromise the thoroughness of investigations into complex claims.

Contention

Notably, discussions around HB 3310 may arise regarding the balance between timely resolutions and the thoroughness required in claims appraisals. Some voices have expressed that while deadlines are beneficial, they should not create pressure that forces rushed decisions, potentially leading to injustices for claimants. The key contention lies in establishing a fair framework that adequately serves both promptness and the detailed investigation necessary for complex claims.

Texas Constitutional Statutes Affected

Insurance Code

• Chapter 2210. Texas Windstorm Insurance Association
  • Section: 574
  • Section: 574