H.B. No. 5168 proposes an amendment to the Texas Insurance Code regarding the location of the Texas Windstorm Insurance Association's headquarters. The bill introduces a new section, 2210.063, which mandates that the headquarters must be situated in either a first tier or second tier coastal county. This change aims to ensure that the association is located in a region that is directly impacted by windstorm events, thereby enhancing its operational relevance and responsiveness to the communities it serves.
The provisions of this bill will take effect on January 1, 2027, allowing time for the necessary adjustments to be made. Additionally, the bill stipulates that it will become effective immediately if it secures a two-thirds majority vote from all elected members in both houses of the legislature; otherwise, it will take effect on September 1, 2025.
Statutes affected: Introduced: ()