84R11362 PMO-F
By: Eltife S.B. No. 956
A BILL TO BE ENTITLED
AN ACT
relating to the delivery of personal automobile and residential
property insurance policies; adding provisions that may be subject
to a criminal penalty.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subtitle B, Title 5, Insurance Code, is amended
by adding Chapter 525 to read as follows:
CHAPTER 525. DELIVERY OF INSURANCE POLICIES
Sec. 525.001. APPLICABILITY OF CHAPTER. This chapter applies
to an insurer, as defined by Section 38.002, writing personal
automobile insurance or residential property insurance, as defined
by Section 2301.051, in this state.
Sec. 525.002. DELIVERY OF INSURANCE POLICIES. (a) Except
as provided by Subsection (b), an insurer to whom this chapter
applies or the insurer's agent shall deliver a policy issued by the
insurer to the policyholder:
(1) not later than:
(A) the 30th day after the effective date of the
policy if the policy term is more than 30 days; or
(B) the 10th day after the effective date of the
policy if the policy term is more than 10 days and less than 31 days;
or
(2) within the policy period for a policy with a term
of 10 days or less.
(b) An insurer to whom this chapter applies or the insurer's
agent shall deliver a policy renewed or amended by the insurer to
the policyholder not later than the 15th day after the date the
insurer or insurer's agent receives a written request from the
policyholder that the policy be delivered to the policyholder.
SECTION 2. Chapter 525, Insurance Code, as added by this
Act, applies only to an insurance policy that is delivered, issued
for delivery, or renewed on or after the effective date of this Act.
A policy delivered, issued for delivery, or renewed before the
effective date of this Act is governed by the law as it existed
immediately before that date, and that law is continued in effect
for that purpose.
SECTION 3. This Act takes effect September 1, 2015.