Sec. 551.051. DEFINITIONS. In this subchapter:
(1) "Commercial property insurance" has the meaning assigned by Section 2251.002.
(1-a) "Insurer" means an insurance company or other entity admitted to engage in business and authorized to write liability insurance or commercial property insurance in this state, including a county mutual insurance company, a Lloyd's plan, and a reciprocal or interinsurance exchange. The term does not include a county mutual fire insurance company that writes exclusively industrial fire insurance as described by Section 912.310 or a farm mutual insurance company.
(2) "Liability insurance" means:
(A) general liability insurance;
(B) professional liability insurance other than medical professional liability insurance;
(C) commercial automobile liability insurance;
(D) commercial multiperil insurance; and
(E) any other type or line of liability insurance designated by the department.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 72 (S.B. 590), Sec. 2, eff. September 1, 2019.
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
Section 551.052. Cancellation Prohibited; Exceptions
Section 551.053. Written Notice of Cancellation Required
Section 551.054. Written Notice of Nonrenewal Required
Section 551.055. Reason for Cancellation or Nonrenewal Required