Texas Insurance Code

§ 551.1055 — CHANGES TO POLICY ON RENEWAL

IN § 551.1055Title 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

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(a)In this section, "material change" means a change to a policy that, with respect to a prior or existing policy:

(1)reduces coverage;

(2)changes conditions of coverage; or

(3)changes the duties of the insured.

(b)Notwithstanding Section 551.103, a change to a policy provision on renewal is not a nonrenewal or cancellation under this subchapter if the insurer provides the insured with written notice in accordance with this section of any material change in each form of the policy offered to the insured on renewal from the form of the policy held immediately before renewal.

(c)Notice provided under Subsection (b) must:

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Legislative history

Added by Acts 2017, 85th Leg., R.S., Ch. 60 (S.B. 417), Sec. 2, eff. September 1, 2017.