Bill Text: TX SB1439 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to a requirement for and the contents of a declarations page required for certain standard insurance policy forms for personal automobile insurance.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2019-03-14 - Referred to Business & Commerce [SB1439 Detail]
Download: Texas-2019-SB1439-Introduced.html
| 86R11741 MEW-F | ||
| By: Zaffirini | S.B. No. 1439 | |
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| relating to a requirement for and the contents of a declarations | ||
| page required for certain standard insurance policy forms for | ||
| personal automobile insurance. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 2301.056, Insurance Code, is amended by | ||
| amending Subsection (a) and adding Subsection (b-1) to read as | ||
| follows: | ||
| (a) A personal automobile or residential property insurance | ||
| policy form must include a declarations page that: | ||
| (1) lists and identifies each type of deductible under | ||
| the [ |
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| (2) states the exact dollar amount of each deductible | ||
| under the [ |
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| (b-1) If a personal automobile insurance policy or an | ||
| endorsement attached to the policy contains a provision that may | ||
| cause the exact dollar amount of a deductible under the policy to | ||
| increase from the initial amount selected by the policyholder, the | ||
| declarations page must identify or include a written disclosure | ||
| that clearly identifies the applicable policy provision or | ||
| endorsement. The policy provision or endorsement must explain how | ||
| any increase in the applicable deductible amount is determined. | ||
| SECTION 2. The change in law made by this Act applies only | ||
| to a personal automobile insurance policy delivered, issued for | ||
| delivery, or renewed on or after January 1, 2020. A personal | ||
| automobile insurance policy delivered, issued for delivery, or | ||
| renewed before January 1, 2020, is governed by the law as it existed | ||
| immediately before the effective date of this Act, and that law is | ||
| continued in effect for that purpose. | ||
| SECTION 3. This Act takes effect September 1, 2019. | ||
