Texas Insurance Code

§ 981.103 — DELIVERY TO INSURED OF SURPLUS LINES DOCUMENTS

IN § 981.103Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part I. SURPLUS LINES INSURERS; COMPANIES NOT ORGANIZED IN TEXAS · Ch. 981. SURPLUS LINES INSURANCE · Art. C. REQUIREMENTS AND PROCEDURES FOR ISSUANCE OF SURPLUS LINES DOCUMENTS

Statute text

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(a)On placing new or renewal surplus lines coverage, a surplus lines agent shall promptly issue and deliver to the insured or to the insured's agent the following evidence of insurance:

(1)the policy issued by the insurer; or

(2)if the policy is not available, a certificate, cover note, or other confirmation of insurance.

(b)If the policy is not available at the time of placement of the insurance, the surplus lines agent shall, on the insured's request and as soon as reasonably possible:

(1)obtain the policy from the insurer; and

(2)deliver the policy to the insured to replace the certificate, cover note, or other confirmation of insurance previously issued.

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Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.