Texas Insurance Code

§ 542.055 — RECEIPT OF NOTICE OF CLAIM

IN § 542.055Title 5. PROTECTION OF CONSUMER INTERESTS · Part C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES · Ch. 542. PROCESSING AND SETTLEMENT OF CLAIMS · Art. B. PROMPT PAYMENT OF CLAIMS

Statute text

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(a)Not later than the 15th day or, if the insurer is an eligible surplus lines insurer, the 30th business day after the date an insurer receives notice of a claim, the insurer shall:

(1)acknowledge receipt of the claim;

(2)commence any investigation of the claim; and

(3)request from the claimant all items, statements, and forms that the insurer reasonably believes, at that time, will be required from the claimant.

(b)An insurer may make additional requests for information if during the investigation of the claim the additional requests are necessary.

(c)If the acknowledgment of receipt of a claim is not made in writing, the insurer shall make a record of the date, manner, and content of the acknowledgment.

Legislative history

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.