Start Backdating insurance law policy state

Backdating insurance law policy state

RENEWAL AND REINSTATEMENT OF PERSONAL AUTOMOBILE INSURANCE POLICIES.

Immunity under this section does not apply to:(1) disclosure of information known to be false; or(2) a disclosure made with malice or the wilful intent to injure any person.

An insurer or agent or an employee of an insurer or agent is not liable, and a cause of action does not arise against that individual or entity, for a statement, disclosure, or communication made in good faith under this subchapter.

For the purposes of this subchapter, an insurer has canceled an insurance policy if the insurer, without the consent of the insured:(1) terminates coverage provided under the policy;(2) refuses to provide additional coverage to which the insured is entitled under the policy; or(3) reduces or restricts coverage under the policy by endorsement or other means.

An insurer may cancel a homeowners insurance policy if the policy has been in effect less than 60 days and:(1) the insurer identifies a condition that:(A) creates an increased risk of hazard;(B) was not disclosed in the application for insurance coverage; and(C) is not the subject of a prior claim; or(2) before the effective date of the policy, the insurer does not accept a copy of a required inspection report that:(A) was completed by an inspector who is licensed by the Texas Real Estate Commission or who is otherwise authorized to perform inspections; and(B) is dated not earlier than the 90th day before the effective date of the policy.(h) For purposes of Subsection (g), an inspection report is considered accepted if an insurer does not reject the inspection report given to the insurer under Subsection (g)(2) before the 11th day after the date the inspection report is received by the insurer.

Unless the insurer has mailed written notice of nonrenewal or renewal with written notice of change in coverage as provided by Section 2002.001 to the insured not later than the 30th day before the date on which the insurance policy expires, an insurer must renew an insurance policy, at the request of the insured, on the expiration of the policy.

Premium is not owed for any period in which the policy is not in effect.

DECLINATION, CANCELLATION, AND NONRENEWAL OFCERTAIN PROPERTY AND CASUALTY POLICIESSec.

In this subchapter, "insurer" means any authorized insurer writing property and casualty insurance in this state, including:(1) a county mutual insurance company;(2) a Lloyd's plan;(3) a reciprocal or interinsurance exchange; and(4) a farm mutual insurance company.

Coverage under the policy lapses on the date of cancellation and is not again effective until the date the payment is received by the insurer.

(a) An insurer may not refuse to renew a personal automobile insurance policy solely because of the age of the person covered by the policy.(b) An insurer shall renew a personal automobile insurance policy that was written for a term of less than one year, except that the insurer may refuse to renew the policy on any 12-month anniversary of the original effective date of the policy.(c) An insurer may reinstate a personal automobile insurance policy canceled for nonpayment of premium if the premium owed is paid not later than the 60th day after date of cancellation.

DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICESCHAPTER 551. PRACTICES RELATING TO DECLINATION, CANCELLATION, AND NONRENEWAL OF INSURANCE POLICIESSUBCHAPTER A.