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A BILL TO BE ENTITLED
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AN ACT
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relating to the delivery of personal automobile and residential |
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property insurance policies; adding provisions that may be subject |
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to a criminal penalty. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subtitle B, Title 5, Insurance Code, is amended |
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by adding Chapter 525 to read as follows: |
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CHAPTER 525. DELIVERY OF INSURANCE POLICIES |
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Sec. 525.001. APPLICABILITY OF CHAPTER. This chapter |
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applies to: |
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(1) an insurer, as defined by Section 2301.051, |
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writing personal automobile insurance or residential property |
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insurance, as defined by Section 2301.051, in this state; |
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(2) the Texas Windstorm Insurance Association; |
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(3) the FAIR Plan Association; and |
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(4) the Texas Automobile Insurance Plan Association. |
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Sec. 525.002. DELIVERY OF INSURANCE POLICIES. (a) Except |
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as provided by Subsection (b), an insurer to whom this chapter |
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applies shall deliver a policy issued by the insurer to the |
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policyholder, or to the insurer's agent for delivery to the |
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policyholder: |
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(1) not later than: |
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(A) the 30th day after the effective date of the |
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policy if the policy term is more than 30 days; or |
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(B) the 10th day after the effective date of the |
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policy if the policy term is more than 10 days and less than 31 days; |
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or |
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(2) within the policy period for a policy with a term |
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of 10 days or less. |
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(b) An insurer to whom this chapter applies shall deliver a |
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policy renewed or amended by the insurer to the policyholder, or to |
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the insurer's agent for delivery to the policyholder, not later |
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than the 15th day after the date the insurer or insurer's agent |
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receives a written request from the policyholder that the policy be |
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delivered to the policyholder. |
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Sec. 525.003. RULEMAKING AUTHORITY. The commissioner may |
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adopt rules to implement this chapter. |
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SECTION 2. Chapter 525, Insurance Code, as added by this |
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Act, applies only to an insurance policy that is delivered, issued |
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for delivery, or renewed on or after the effective date of this Act. |
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A policy delivered, issued for delivery, or renewed before the |
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effective date of this Act is governed by the law as it existed |
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immediately before that date, and that law is continued in effect |
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for that purpose. |
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SECTION 3. This Act takes effect September 1, 2015. |
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* * * * * |