Proposed Action on Rules
The Commissioner of Insurance at a public hearing under Docket Number 2414
scheduled for September 2, 1999 at 9:00 a.m., in room 100 of the William P.
Hobby Jr. State Office Building, 333 Guadalupe Street in Austin, Texas, will
consider a proposal made in a petition by Texas Insurance Organization (TIO).
TIO's petition seeks adoption of endorsements, rules, and rates to the Homeowners
and Dwelling Sections of the Texas Personal Lines Manual (Manual) relating
to homeowners and dwelling policies. TIO's petition (Reference Number P-0399-02),
was filed on March 2, 1999, and supplemented by a petition filed on May 28,
1999, amending Exhibits B and G.
TIO proposes adoption of endorsements, rules, and rates for residential
property policies to provide coverage for the increased cost of construction
when an ordinance or law imposes specific requirements on the repair or replacement
of insured damaged property.
Staff proposes the following numbers for TIO's proposed endorsements: Endorsement
Number TDP-026, Building Laws Increased Costs of Construction (Forms TDP-1
and TDP-2 only); Endorsement Number TDP-027, Building Laws Increased Cost
of Construction (Form TDP-3 only); and Endorsement Number HO-135, Building
Laws Increased Cost of Construction (Forms HO-A, HO-B and HO-C only).
A copy of the petition, including exhibits of rates, full text of the proposed
endorsements, and amendments to the Manual are available for review in the
office of the Chief Clerk of the Texas Department of Insurance, 333 Guadalupe
Street, Austin, Texas. For further information or to request copies of the
petition, please contact Angie Arizpe at (512) 463-6326; refer to (Reference
Number P-0399-02).
Comments on the proposed changes must be submitted in writing within 30
days after publication of the proposal in the
Texas
Register
, to the Office of the Chief Clerk, Texas Department of Insurance,
P.O. Box 149104, MC 113-2A, Austin, Texas, 78714-9104. An additional copy
of comments is to be submitted to David Durden, Deputy Commissioner, Automobile
and Homeowners Division, Texas Department of Insurance, P.O. Box 149104, MC
104-5A. Austin, Texas, 78714-9104.
This notification is made pursuant to the Insurance Code, Article 5.96,
which exempts it from requirement of the Government Code, Chapter 2001 (Administrative
Procedure Act).
TRD-9904271
Lynda H. Nesenholtz
General Counsel and Chief Clerk
Texas Department of Insurance
Filed: July 15, 1999