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A BILL TO BE ENTITLED
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AN ACT
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relating to notice of acceptance or rejection of an insurance |
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claim. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 542.056, Insurance Code, is amended by |
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adding Subsection (e) to read as follows: |
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(e) If an insurer pays a claim not later than the 15th |
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business day after the date the insurer receives all items, |
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statements, and forms required by the insurer to secure final proof |
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of loss, or not later than the 30th day if the insurer has a |
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reasonable basis to believe that the loss that is the subject of the |
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claim resulted from arson, the payment of the claim constitutes |
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notice of acceptance and the insurer is not required to provide any |
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other notice under this section. |
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SECTION 2. The change in law made by this Act applies to a |
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claim filed on or after the effective date of this Act. A claim |
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filed before the effective date of this Act is governed by the law |
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as it existed immediately before that date, 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. |