| 1 | 1 | | 81R10457 PB-D |
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| 2 | 2 | | By: Vaught H.B. No. 2010 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to notification of policyholders of changes in residential |
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| 8 | 8 | | property insurance policies. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Chapter 2002, Insurance Code, is amended by |
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| 11 | 11 | | adding Subchapter D to read as follows: |
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| 12 | 12 | | SUBCHAPTER D. NOTIFICATION REGARDING POLICY CHANGES |
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| 13 | 13 | | Sec. 2002.151. DEFINITION. In this subchapter, |
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| 14 | 14 | | "residential property insurance" means insurance coverage against |
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| 15 | 15 | | loss to tangible personal property or to residential real property |
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| 16 | 16 | | at a fixed location that is provided through a homeowners insurance |
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| 17 | 17 | | policy, including a tenants insurance policy, a condominium owners |
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| 18 | 18 | | insurance policy, or a residential fire and allied lines insurance |
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| 19 | 19 | | policy. |
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| 20 | 20 | | Sec. 2002.152. NOTICE REGARDING CHANGES. An insurer that |
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| 21 | 21 | | delivers, issues for delivery, or renews a policy of residential |
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| 22 | 22 | | property insurance in this state shall notify the policyholder of |
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| 23 | 23 | | any changes in the policy through a written statement: |
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| 24 | 24 | | (1) delivered by certified mail; or |
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| 25 | 25 | | (2) provided to the policyholder by the insurance |
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| 26 | 26 | | agent representing the insurer who is the servicing agent on the |
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| 27 | 27 | | policy. |
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| 28 | 28 | | Sec. 2002.153. RULES. The commissioner may adopt rules as |
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| 29 | 29 | | necessary to implement this subchapter. |
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| 30 | 30 | | SECTION 2. This Act applies only to a residential property |
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| 31 | 31 | | insurance policy delivered, issued for delivery, or renewed on or |
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| 32 | 32 | | after January 1, 2010. A policy delivered, issued for delivery, or |
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| 33 | 33 | | renewed before January 1, 2010, is governed by the law as it existed |
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| 34 | 34 | | immediately before the effective date of this Act, and that law is |
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| 35 | 35 | | continued in effect for that purpose. |
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| 36 | 36 | | SECTION 3. This Act takes effect September 1, 2009. |
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