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A BILL TO BE ENTITLED
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AN ACT
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relating to notification of policyholders of changes in residential |
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property insurance policies. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Chapter 2002, Insurance Code, is amended by |
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adding Subchapter D to read as follows: |
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SUBCHAPTER D. NOTIFICATION REGARDING POLICY CHANGES |
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Sec. 2002.151. DEFINITION. In this subchapter, |
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"residential property insurance" means insurance coverage against |
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loss to tangible personal property or to residential real property |
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at a fixed location that is provided through a homeowners insurance |
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policy, including a tenants insurance policy, a condominium owners |
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insurance policy, or a residential fire and allied lines insurance |
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policy. |
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Sec. 2002.152. NOTICE REGARDING CHANGES. An insurer that |
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delivers, issues for delivery, or renews a policy of residential |
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property insurance in this state shall notify the policyholder of |
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any changes in the policy through a written statement: |
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(1) delivered by certified mail; or |
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(2) provided to the policyholder by the insurance |
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agent representing the insurer who is the servicing agent on the |
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policy. |
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Sec. 2002.153. RULES. The commissioner may adopt rules as |
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necessary to implement this subchapter. |
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SECTION 2. This Act applies only to a residential property |
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insurance policy delivered, issued for delivery, or renewed on or |
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after January 1, 2010. A policy delivered, issued for delivery, or |
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renewed before January 1, 2010, is governed by the law as it existed |
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immediately before the effective date of this Act, and that law is |
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continued in effect for that purpose. |
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SECTION 3. This Act takes effect September 1, 2009. |