TITLE: Relating to operating requirements for farm mutual insurance companies related to insurance in force on rural property.

SUMMARY: Relating to operating requirements for farm mutual insurance companies related to insurance in force on rural property.

FULL TEXT:
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(a), Insurance Code, is amended to read as follows: (a) In this section, "rural property" means property located in: (1) [outside an area of land subject to the taxing authority of] a municipality with a population of 50,000 or less; (2) an area that is not designated as urbanized by the United States Bureau of the Census; or (3) an unincorporated area of a county [more than 2,500].SECTION 2. This Act takes effect September 1, 2019.