Bill Text: TX SB1659 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to the creation of a coverage summary for certain property and casualty insurance policies.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2015-03-23 - Referred to Business & Commerce [SB1659 Detail]
Download: Texas-2015-SB1659-Introduced.html
By: Watson | S.B. No. 1659 | |
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relating to the creation of a coverage summary for certain property | ||
and casualty insurance policies. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 521.005(a), Insurance Code, is amended | ||
to read as follows: | ||
(2) the department's name and address; |
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(3) the department's toll-free telephone number maintained | ||
under Subchapter B; and |
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(4) a coverage summary or other informational material to | ||
help consumers understand the insurance policy offered or | ||
purchased. | ||
SECTION 2. Section 521.005, Insurance Code, is amended to | ||
add the following: | ||
(c) The commissioner may adopt by rule requirements for a | ||
coverage summary or other informational material. | ||
(d) Subsections (a) (4) and (c) apply to an insurer, as | ||
defined in Section 38.002, and a farm mutual insurance company, | ||
writing personal automobile or homeowners insurance as defined in | ||
Section 2301.051 in this state, and their agents. | ||
SECTION 3. This Act applies only to an insurance policy that | ||
is delivered, issued for delivery, or renewed on or after January 1, | ||
2016. A policy delivered, issued for delivery, or renewed before | ||
January 1, 2016, 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 4. This Act takes effect January 1, 2016. |