S.B. No. 2008
AN ACT
relating to operating requirements for farm mutual insurance
companies related to insurance in force on rural property.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 911.301, Insurance Code, is amended by
amending Subsection (a) and adding Subsections (e) and (f) to read
as follows:
(a) In this section:
(1) "Census year" means a year in which the United
States Census Bureau conducts a federal decennial census.
(2) "Rural[, "rural] property" means property located
outside an area of land subject to the taxing authority of a
municipality with a population of more than 6,500, adjusted in
accordance with Subsection (e) [2,500].
(e) On January 1 of the second year following a census year,
the population limit described by Subsection (a)(2) increases or
decreases by a percentage that is equal to the percentage increase
or decrease in the population of this state from the previous
decennial census.
(f) Not later than November 1 of the year following a census
year, the commissioner shall:
(1) compute the new population limit in accordance
with Subsection (e); and
(2) publish the limit on the department's Internet
website.
SECTION 2. This Act takes effect September 1, 2023.
______________________________ ______________________________
President of the Senate Speaker of the House
I hereby certify that S.B. No. 2008 passed the Senate on
May 3, 2023, by the following vote: Yeas 31, Nays 0.
______________________________
Secretary of the Senate
I hereby certify that S.B. No. 2008 passed the House on
May 24, 2023, by the following vote: Yeas 136, Nays 2, one
present not voting.
______________________________
Chief Clerk of the House
Approved:
______________________________
Date
______________________________
Governor