TITLE: Relating to the authority of the Texas Department of Insurance to rescind a certificate of compliance issued for an improvement for purposes of coverage through the Texas Windstorm Insurance Association.

SUMMARY: Relating to the authority of the Texas Department of Insurance to rescind a certificate of compliance issued for an improvement for purposes of coverage through the Texas Windstorm Insurance Association.

FULL TEXT:
AN ACT relating to the authority of the Texas Department of Insurance to rescind a certificate of compliance issued for an improvement for purposes of coverage through the Texas Windstorm Insurance Association. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 2210.2515(k), Insurance Code, is amended to read as follows: (k) The department may not rescind a certificate of compliance after issuing the certificate [issued] under this section [if the department finds that the improvement does not comply with the applicable building code under the plan of operation].[The commissioner may adopt rules as necessary to implement this subsection.] SECTION 2. The change in law made by this Act applies to a certificate of compliance that is in effect or issued on or after the effective date of this Act. 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.