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Relating to a grace period for payment of premiums on insurance policies renewed by the Texas Windstorm Insurance Association.
No significant fiscal implication to the State is anticipated.
HB 2920 would require the Commissioner of Insurance to adopt rules establishing a grace period of not more than 10 days after the due date for the receipt of payment of a premium for the renewal of a windstorm insurance policy.
As HB 2920 does not pertain to the liberty principles, Texas Action is neutral on this bill.