Texas 2025 - 89th Regular

Texas House Bill HB5168 Latest Draft

Bill / Introduced Version Filed 03/14/2025

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                            By: Louderback H.B. No. 5168




 A BILL TO BE ENTITLED
 AN ACT
 relating to the location of the Texas Windstorm Insurance
 Association headquarters.
 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 SECTION 1.  Subchapter B, Chapter 2210, Insurance Code, is
 amended by adding Section 2210.063 to read as follows:
 Sec. 2210.063.  LOCATION OF ASSOCIATION HEADQUARTERS.  The
 headquarters of the association shall be located in a first tier
 coastal county or second tier coastal county.
 SECTION 2.  Section 2210.063, Insurance Code, as added by
 this Act, applies to the Texas Windstorm Insurance Association
 beginning on January 1, 2027.
 SECTION 3.  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, 2025.