TITLE: Relating to certain meetings of the board of directors of the Texas Windstorm Insurance Association.

SUMMARY: Relating to certain meetings of the board of directors of the Texas Windstorm Insurance Association.

FULL TEXT:
AN ACT relating to certain meetings of the board of directors of the Texas Windstorm Insurance Association. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 2210.105, Insurance Code, is amended by adding Subsections (h) and (i) to read as follows: (h) A meeting to establish the association's probable maximum loss and the annual rate setting meeting shall be held in-person at a location within a first tier coastal county. (i) A vote by a member of the board of directors at a meeting described by Subsection (h) shall only count towards the establishment of the probable maximum loss or the adoption of the annual rate filing if the vote is cast by a member of the board of directors in person at the meeting. SECTION 2. 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.