SB 1512

85(R) - 2017
Senate Business & Commerce
House Insurance
Senate Business & Commerce
House Insurance
Property & Casualty Insurance

Companion Bill

HB 3510

Vote Recommendation

  • Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral


Larry Taylor


Wayne Faircloth

Bill Caption

Relating to replacement cost coverage in policies issued by the Texas Windstorm Insurance Association.

Fiscal Notes

No significant fiscal implication to the state is anticipated.

Bill Analysis

Under current law, if at the time of loss, the total amount of insurance applicable to a dwelling is equal to 80 percent or more of the full replacement cost of the dwelling or equal to the maximum amount of insurance otherwise available through the association, coverage applicable to the dwelling under the policy is extended to include the full cost of repair or replacement, without a deduction for depreciation.

SB 1512 would change from the time of loss to the effective date of an association policy.

Vote Recommendation Notes

This is a procedural bill regarding replacement cost coverage that does not appear to have a connection to our liberty principles, therefore we remain neutral.

Organizations Supporting

City of Corpus Christi
Coastal Windstorm Insurance Coalition
Independent Insurance Agents of Texas

Organizations Opposed

American Insurance Association
Texas Coalition for Affordable Insurance Solutions