Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 5. PROTECTION OF CONSUMER INTERESTS |
Subtitle C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES |
Chapter 542. PROCESSING AND SETTLEMENT OF CLAIMS |
Subchapter D. NOTICE OF SETTLEMENT OF CLAIM UNDER CASUALTY INSURANCE POLICY |
Sec. 542.152. EXCEPTION
Latest version.
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This subchapter does not apply to:
(1) a casualty insurance policy that requires the insured's consent to settle a claim against the insured;
(2) fidelity, surety, or guaranty bonds; or
(3) marine insurance as defined by Section 1807.001.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005. Amended by: Acts 2005, 79th Leg., Ch. 728 , Sec. 11.010(a), eff. September 1, 2005. Acts 2007, 80th Leg., R.S., Ch. 730 , Sec. 2D.010, eff. April 1, 2009.