Texas Insurance Code

§ 542.251 — PURPOSES

IN § 542.251Title 5. PROTECTION OF CONSUMER INTERESTS · Part C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES · Ch. 542. PROCESSING AND SETTLEMENT OF CLAIMS · Art. F. WATER DAMAGE CLAIMS

Statute text

View on source

The purposes of this subchapter are to:

(1)provide for the prompt, efficient, and effective handling and processing of water damage claims filed under residential property insurance policies, including claims involving losses due to mold;

(2)reduce the confusion and inconvenience policyholders experience in filing and resolving water damage claims filed under residential property insurance policies, including claims involving losses due to mold; and

(3)reduce claim costs and premiums for residential property insurance issued in this state.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.011(a), eff. September 1, 2005.