| 14 | | - | Sec. 551.1041. NOTICE OF CANCELLATION OF CERTAIN PERSONAL |
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| 15 | | - | AUTOMOBILE INSURANCE COVERAGES. (a) Except as provided by |
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| 16 | | - | Subsection (b), an insurer that cancels a personal automobile |
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| 17 | | - | insurance policy that provides comprehensive or collision physical |
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| 18 | | - | damage coverage for an automobile that is subject to a purchase |
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| 19 | | - | money lien shall, not later than the 10th day before the effective |
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| 20 | | - | date of the cancellation, notify the lienholder, if known, that the |
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| 21 | | - | coverage will be cancelled. |
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| 11 | + | Sec. 551.1041. NOTICE OF CANCELLATION OF CERTAIN NAMED |
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| 12 | + | DRIVER OR PERSONAL AUTOMOBILE INSURANCE COVERAGES. (a) Except as |
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| 13 | + | provided by Subsection (b), an insurer that cancels a named driver |
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| 14 | + | or personal automobile insurance policy that provides |
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| 15 | + | comprehensive or collision physical damage coverage for an |
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| 16 | + | automobile that is subject to a purchase money lien shall, not later |
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| 17 | + | than the 10th day before the effective date of the cancellation, |
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| 18 | + | notify the lienholder, if known, that the coverage will be |
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| 19 | + | cancelled. |
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| 22 | 20 | | (b) An insurer that cancels an insurance policy described by |
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| 23 | 21 | | Subsection (a) at the request of the insured shall notify the |
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| 24 | 22 | | lienholder of the cancellation as soon as practicable after the |
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| 25 | 23 | | date the insurer receives the insured's request for the |
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| 26 | 24 | | cancellation. |
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| 27 | 25 | | (c) Notice under this section is complete on the date the |
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| 28 | 26 | | insurer: |
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| 29 | 27 | | (1) deposits the notice in the United States mail, |
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| 30 | 28 | | postage prepaid and addressed to the lienholder at the lienholder's |
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| 31 | 29 | | last known address; or |
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| 32 | 30 | | (2) sends the notice to a facsimile number or |
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| 33 | 31 | | electronic mail address provided by the lienholder for the purpose |
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| 34 | 32 | | of receiving notice. |
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| 35 | 33 | | SECTION 2. Section 551.1041, Insurance Code, as added by |
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| 36 | | - | this Act, applies only to the cancellation of a personal automobile |
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| 37 | | - | insurance policy that is delivered, issued for delivery, or renewed |
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| 38 | | - | on or after March 1, 2018. The cancellation of a policy delivered, |
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| 39 | | - | issued for delivery, or renewed before March 1, 2018, is governed by |
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| 40 | | - | the law as it existed immediately before the effective date of this |
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| 41 | | - | Act, and that law is continued in effect for that purpose. |
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| 34 | + | this Act, applies only to the cancellation of a named driver or |
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| 35 | + | personal automobile insurance policy that is delivered, issued for |
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| 36 | + | delivery, or renewed on or after March 1, 2018. The cancellation of |
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| 37 | + | a policy delivered, issued for delivery, or renewed before March 1, |
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| 38 | + | 2018, is governed by the law as it existed immediately before the |
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| 39 | + | effective date of this Act, and that law is continued in effect for |
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| 40 | + | that purpose. |
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