Sec. 2006.002. OPTIONAL PREMIUM DISCOUNT. (a) In accordance with the rules adopted by the commissioner under this subchapter, an insurer may grant to an applicant a discount in the applicant's homeowners insurance premiums for insured property on receipt of written verification from the applicant that the property was constructed with an insulating concrete form system.
(b) The commissioner by rule shall prescribe the requirements for determining that a structure was constructed with an insulating concrete form system.
(c) Verification under this section must comply with the requirements prescribed by the commissioner.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle D - Fire Insurance and Allied Lines, Including Residential Property Insurance
Chapter 2006 - Premium Rate Discounts and Rating Programs
Subchapter A. Optional Premium Discount for Use of Insulating Concrete Form System
Section 2006.002. Optional Premium Discount
Section 2006.003. Property Inspection