86R11741 MEW-F
By: Zaffirini S.B. No. 1439
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
personal automobile insurance.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2301.056, Insurance Code, is amended by
amending Subsection (a) and adding Subsection (b-1) to read as
follows:
(a) A personal automobile or residential property insurance
policy form must include a declarations page that:
(1) lists and identifies each type of deductible under
the [residential property insurance] policy; and
(2) states the exact dollar amount of each deductible
under the [residential property insurance] policy.
(b-1) If a personal automobile insurance policy or an
endorsement attached to the policy contains a provision that may
cause the exact dollar amount of a deductible under the policy to
increase from the initial amount selected by the policyholder, the
declarations page must identify or include a written disclosure
that clearly identifies the applicable policy provision or
endorsement. The policy provision or endorsement must explain how
any increase in the applicable deductible amount is determined.
SECTION 2. The change in law made by this Act applies only
to a personal automobile insurance policy delivered, issued for
delivery, or renewed on or after January 1, 2020. A personal
automobile insurance policy delivered, issued for delivery, or
renewed before January 1, 2020, 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, 2019.