Sec. 912.154. AMOUNT OF INSURANCE UNDER MULTIPLE HAZARDS POLICY. The amount of risk or insurance coverage in a policy that insures a risk against more than one hazard is the maximum loss the county mutual insurance company may sustain under the policy at any one time, regardless of the number of hazards against which the company insures.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle F - Farm and County Mutual Insurance Companies
Chapter 912 - County Mutual Insurance Companies
Subchapter D. Policies and Coverage
Section 912.151. Kinds of Insurance Authorized
Section 912.153. Contract Terms: Incorporation of Bylaws
Section 912.154. Amount of Insurance Under Multiple Hazards Policy
Section 912.155. Repair or Replacement of Insured Property
Section 912.156. Contesting Claim for Certain Purposes Prohibited