Sec. 551.001. RULES. (a) The commissioner may, as necessary, adopt and enforce reasonable rules, including notice requirements, relating to the cancellation and nonrenewal of any insurance policy regulated by the department under:
(1) Chapter 5;
(2) Chapter 1804, 1805, 2171, or 2301; or
(3) Subtitle C, D, E, or F, Title 10.
(a-1) Notwithstanding Subsection (a), Subsection (a) does not apply to:
(1) an insurance policy subject to Subchapter B or C of this chapter; or
(2) a marine insurance policy other than inland marine.
(b) In adopting rules under this section, the commissioner shall consider the reasonable needs of the public and the operations of the insurers.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2D.012, eff. April 1, 2009.
Structure Texas Statutes
Title 5 - Protection of Consumer Interests
Subtitle C - Deceptive, Unfair, and Prohibited Practices
Chapter 551 - Practices Relating to Declination, Cancellation, and Nonrenewal of Insurance Policies
Subchapter A. General Provisions
Section 551.002. Written Statement of Reasons for Declination, Cancellation, or Nonrenewal
Section 551.003. Immunity From Liability