Missing textures / blurry water in town of Act 3 (Consistently)

Bug reference number: 3 515 104 130

My specs are:

Hp Pavilion Gaming 15 (laptop)
nVidia GTX 1660 Ti Max Q 6GB GDDR6
Intel i5 9th Gen 9300H
2x8GB Samsung DDR4 2666MHz (Dual-channel)

Toshiba 512GB SSD

My in-game settings are:

Fullscreen
vsync off
1920x1080
Intel XeSS Quality
Texture: High
16x Anisotropic Filtering
Shadows + GI Low
Sun shadow quality: High
Number of Lights: High
Bloom: 100%
Water Detail: High
Nvidia Reflex: On
Engine Multithreading: Enabled