Sec. 551.1041. RULEMAKING AUTHORITY RELATING TO NOTICE OF CANCELLATION OF CERTAIN PERSONAL AUTOMOBILE INSURANCE COVERAGES. The commissioner shall exercise the commissioner's rulemaking authority to adopt rules under which an insurer that cancels a personal automobile insurance policy that provides comprehensive or collision physical damage coverage for an automobile that is subject to a purchase money lien is required to notify the lienholder, if known, that the coverage will be canceled.
Added by Acts 2017, 85th Leg., R.S., Ch. 752 (S.B. 1450), Sec. 3, eff. September 1, 2017.
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 C. Declination, Cancellation, and Nonrenewal Of
Section 551.102. Applicability of Subchapter
Section 551.104. Authorized Cancellation of Policies
Section 551.105. Nonrenewal of Policies; Notice Required
Section 551.1053. Mandatory Nonrenewal of Private Passenger Automobile Insurance Policies
Section 551.1055. Changes to Policy on Renewal
Section 551.106. Renewal and Reinstatement of Personal Automobile Insurance Policies
Section 551.107. Renewal of Certain Policies; Premium Surcharge Authorized; Notice
Section 551.108. Insurer Records
Section 551.109. Insurer Statement
Section 551.110. Liability for Disclosure