HBA-NIK C.S.H.B. 2252 76(R)BILL ANALYSIS


Office of House Bill AnalysisC.S.H.B. 2252
By: Eiland
Insurance
4/30/1999
Committee Report (Substituted)



BACKGROUND AND PURPOSE 

Currently, Section 8(h)(10), Article 21.49, Insurance Code, provides that
the filing of a rate change for commercial windstorm insurance may not vary
by 15 percent from the rate in effect on September 1, 1995.  Absent
legislative action, this provision will expire on January 1, 2001. C.S.H.B.
2252 keeps the 15 percent limitation by changing the expiration date to
January 1, 2003. 

RULEMAKING AUTHORITY

It is the opinion of the Office of House Bill Analysis that this bill does
not expressly delegate any additional rulemaking authority to a state
officer, department, agency, or institution. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Section 8(h)(10), Article 21.49, Insurance Code, to
provide that this subdivision expires January 1, 2003, rather than 2001,
under specified conditions. 

SECTION 2.  Effective date: September 1, 1999.

SECTION 3.  Emergency clause.

COMPARISON OF ORIGINAL TO SUBSTITUTE

C.S.H.B. 2252 modifies SECTION 1 of the original bill by modifying text
deleted in the original bill to provide that this subdivision expires
January 1, 2003, rather than 2001, under specified conditions.