HB2841 - Relating to Texas Windstorm Insurance Association underwriting standards for structures that meet certain construction standards.

  89R22768 DNC-F     By: Smithee, Paul, et al. H.B. No. 2841     Substitute the following for H.B. No. 2841:     By:  Dean C.S.H.B. No. 2841       A BILL TO BE ENTITLED   AN ACT   relating to Texas Windstorm Insurance Association underwriting   standards for structures that meet certain construction standards.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 2210.152, Insurance Code, is amended by   adding Subsection (d) to read as follows:           (d)     The plan of operation must provide that certification   that a structure meets the fortified home, multifamily, or   commercial construction standards published by the Insurance   Institute for Business and Home Safety or its successor entity is an   alternative to a certificate of compliance issued under Section   2210.2515 for purposes of Section 2210.258.          SECTION 2.  Section 2210.258, Insurance Code, is amended by   amending Subsections (a) and (b) and adding Subsection (e) to read   as follows:          (a)  Except as provided by Subsections (c) , [ and ] (d) , and   (e) and notwithstanding any other provision of this chapter, to be   eligible for insurance through the association, all construction,   alteration, remodeling, enlargement, and repair of, or addition to,   any structure located in the catastrophe area that is begun on or   after the effective date of Sections 5 through 49, H.B. 4409, 81st   Legislature, Regular Session, 2009, must be performed in compliance   with the applicable building code standards, as set forth in the   plan of operation.          (b)  Except as provided by Subsections (c) , [ and ] (d) , and   (e) , the association may not insure a structure described by   Subsection (a) until a certificate of compliance has been issued   for the structure in accordance with Section 2210.2515.           (e)     The association may insure a structure constructed,   altered, remodeled, enlarged, repaired, or added to on or after   June 19, 2009, for which a certificate of compliance has not been   issued in accordance with Section 2210.2515, provided that the   department and the association have received a certification that   the structure was constructed in accordance with or retrofitted to   meet the fortified home, multifamily, or commercial construction   standards published by the Insurance Institute for Business and   Home Safety or its successor entity.          SECTION 3.  Section 2210.259, Insurance Code, is amended by   adding Subsection (d) to read as follows:           (d)     This section does not apply to an insurance policy   insuring a structure eligible for coverage under Section   2210.258(e).          SECTION 4.  (a)  The changes in law made by this Act apply   only to a structure constructed, altered, remodeled, enlarged,   repaired, or added to on or after the effective date of this Act.          (b)  As soon as practicable after the effective date of this   Act, the Texas Windstorm Insurance Association shall propose to the   commissioner of insurance amendments to the association's plan of   operation to conform to the changes in law made by this Act.          SECTION 5.  This Act takes effect September 1, 2025.