Texas Insurance Code
§ 551.007 — NOTICE OF DECLINATION FOR COMMERCIAL LINES OF INSURANCE
IN § 551.007Title 5. PROTECTION OF CONSUMER INTERESTS · Part C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES · Ch. 551. PRACTICES RELATING TO DECLINATION, CANCELLATION, AND NONRENEWAL OF INSURANCE POLICIES · Art. A. GENERAL PROVISIONS
Statute text
View on source(a)An insurer must deliver a notice of a declination required by this chapter for a completed and submitted application for a commercial line of insurance to the applicant's agent.
(b)On receiving a notice described by Subsection (a), an agent shall disclose the declination to the applicant and make the notice available for the applicant to review.
Legislative history
Added by Acts 2025, 89th Leg., R.S., Ch. 940 (H.B. 2067), Sec. 3, eff. January 1, 2026.