83R408 TJS-D
By: Lucio S.B. No. 112
A BILL TO BE ENTITLED
AN ACT
relating to a requirement for and the contents of a declarations
page required for certain standard insurance policy forms for
residential property insurance.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter B, Chapter 2301, Insurance Code, is
amended by adding Section 2301.056 to read as follows:
Sec. 2301.056. REQUIREMENT FOR FORMS; DECLARATIONS PAGE
REQUIREMENT. A residential property insurance policy form must
include a declarations page that:
(1) lists and explains each type of deductible under
the residential property insurance policy; and
(2) lists the exact dollar amount of each deductible
under the residential property insurance policy.
SECTION 2. This Act applies only to an insurance policy
delivered, issued for delivery, or renewed on or after January 1,
2014. A policy delivered, issued for delivery, or renewed before
January 1, 2014, 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, 2013.