80C70(2) PB

 

CHAPTER 2008.  COVERAGE FOR CERTAIN DAMAGE

TO PROPERTY BUILT WHOLLY OR PARTIALLY OVER WATER

Revised Law

Sec. 2008.001.  APPLICABILITY OF CHAPTER.  This chapter applies only to an insurer described by Section 2251.003(a).  (V.T.I.C. Art. 5.14, Sec. (a).)

Source Law

(a)  In this article, "insurer" has the meaning assigned by Section 3, Article 5.13-2, of this code.

Revisor's Note

V.T.I.C. Article 5.14(a) refers to an insurer as that term is defined "by Section 3, Article 5.13-2, of this code."  The relevant portion of Section 3 of Article 5.13-2 was revised in 2005 as Section 2251.003(a) of this code.  The revised law is drafted accordingly.

Revised Law

Sec. 2008.002.  COVERAGE; LIMITS AND DEDUCTIBLES.  (a)  An insurance policy written by an insurer against loss or damage by windstorm, hurricane, or hail may include coverage for:

(1)  a building or other structure that is built wholly or partially over water; and

(2)  the corporeal movable property contained in a building or structure described by Subdivision (1).

(b)  An insurer that writes coverage described by Subsection (a) may impose appropriate limits of coverage and deductibles for the coverage.  (V.T.I.C. Art. 5.14, Secs. (b), (c).)

Source Law

(b)  An insurance policy written by an insurer against loss or damage by windstorm, hurricane, or hail may include coverage for:

(1)  a building or other structure that is built wholly or partially over water; and

(2)  the corporeal movable property contained in a building or structure described by Subdivision (1) of this subsection.

(c)  An insurer that writes coverage described by Subsection (b) of this section may impose appropriate limits of coverage and deductibles for the coverage described by Subsection (b).