Bill Text: TX SB956 | 2015-2016 | 84th Legislature | Enrolled
Bill Title: Relating to the delivery of personal automobile and residential property insurance policies; adding provisions that may be subject to a criminal penalty.
Spectrum: Bipartisan Bill
Status: (Passed) 2015-05-29 - Effective on 9/1/15 [SB956 Detail]
Download: Texas-2015-SB956-Enrolled.html
| S.B. No. 956 | ||
|
|
||
| relating to the delivery of personal automobile and residential | ||
| property insurance policies; adding provisions that may be subject | ||
| to a criminal penalty. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subtitle B, Title 5, Insurance Code, is amended | ||
| by adding Chapter 525 to read as follows: | ||
| CHAPTER 525. DELIVERY OF INSURANCE POLICIES | ||
| Sec. 525.001. APPLICABILITY OF CHAPTER. This chapter | ||
| applies to: | ||
| (1) an insurer, as defined by Section 2301.051, | ||
| writing personal automobile insurance or residential property | ||
| insurance, as defined by Section 2301.051, in this state; | ||
| (2) the Texas Windstorm Insurance Association; | ||
| (3) the FAIR Plan Association; and | ||
| (4) the Texas Automobile Insurance Plan Association. | ||
| Sec. 525.002. DELIVERY OF INSURANCE POLICIES. (a) Except | ||
| as provided by Subsection (b), an insurer to whom this chapter | ||
| applies shall deliver a policy issued by the insurer to the | ||
| policyholder, or to the insurer's agent for delivery to the | ||
| policyholder: | ||
| (1) not later than: | ||
| (A) the 30th day after the effective date of the | ||
| policy if the policy term is more than 30 days; or | ||
| (B) the 10th day after the effective date of the | ||
| policy if the policy term is more than 10 days and less than 31 days; | ||
| or | ||
| (2) within the policy period for a policy with a term | ||
| of 10 days or less. | ||
| (b) An insurer to whom this chapter applies shall deliver a | ||
| policy renewed or amended by the insurer to the policyholder, or to | ||
| the insurer's agent for delivery to the policyholder, not later | ||
| than the 15th day after the date the insurer or insurer's agent | ||
| receives a written request from the policyholder that the policy be | ||
| delivered to the policyholder. | ||
| Sec. 525.003. RULEMAKING AUTHORITY. The commissioner may | ||
| adopt rules to implement this chapter. | ||
| SECTION 2. Chapter 525, Insurance Code, as added by this | ||
| Act, applies only to an insurance policy that is delivered, issued | ||
| for delivery, or renewed on or after the effective date of this Act. | ||
| A policy delivered, issued for delivery, or renewed before the | ||
| effective date of this Act is governed by the law as it existed | ||
| immediately before that date, and that law is continued in effect | ||
| for that purpose. | ||
| SECTION 3. This Act takes effect September 1, 2015. | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I hereby certify that S.B. No. 956 passed the Senate on | ||
| April 30, 2015, by the following vote: Yeas 31, Nays 0. | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| I hereby certify that S.B. No. 956 passed the House on | ||
| May 19, 2015, by the following vote: Yeas 144, Nays 2, two | ||
| present not voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| Approved: | ||
| ______________________________ | ||
| Date | ||
| ______________________________ | ||
| Governor | ||
