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