Vote Recommendation | Economic Freedom | Property Rights | Personal Responsibility | Limited Government | Individual Liberty |
---|---|---|---|---|---|
Neutral | Neutral | Neutral | Neutral | Neutral | Neutral |
No significant fiscal implication to the State is anticipated.
SB 442 would require an insurer that provides insurance coverage to a commercial or residential property, but does not provide flood insurance coverage, to include additional information in their policy disclosure specifically stating that the policy does not cover flood insurance and advising the policy holder to consider acquiring flood insurance separately.
Insurance companies are already required to disclose certain information to policy holders. Adding this new disclosure does not appear to be an onerous or costly new mandate. Texas Action remains neutral on SB 442 as it neither advances nor hinders any of liberty principles.