Texas Insurance Code

§ 551.104 — AUTHORIZED CANCELLATION OF POLICIES

IN § 551.104Title 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. C. DECLINATION, CANCELLATION, AND NONRENEWAL OF

Statute text

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(a)An insurer may cancel an insurance policy only as provided by this section.

(b)An insurer may cancel any policy if:

(1)the named insured does not pay any portion of the premium when due;

(2)the insured submits a fraudulent claim; or

(3)the department determines that continuation of the policy would result in a violation of this code or any other law governing the business of insurance in this state.

(c)An insurer may cancel a policy, other than a personal automobile insurance policy, if there is an increase in the hazard covered by the policy that is within the control of the insured and that would produce an increase in the premium rate of the policy.

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Legislative history

Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.019(a), eff. September 1, 2005. Acts 2023, 88th Leg., R.S., Ch. 428 (H.B. 1900), Sec. 1, eff. September 1, 2023.