Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 5. PROTECTION OF CONSUMER INTERESTS |
Subtitle C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES |
Chapter 551. PRACTICES RELATING TO DECLINATION, CANCELLATION, AND NONRENEWAL OF INSURANCE POLICIES |
Subchapter B. CANCELLATION AND NONRENEWAL OF CERTAIN LIABILITY INSURANCE POLICIES |
Sec. 551.055. REASON FOR CANCELLATION OR NONRENEWAL REQUIRED
Latest version.
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In a notice to an insured relating to cancellation or refusal to renew, an insurer must state the reason for the cancellation or nonrenewal. The statement must comply with:
(1) Sections 551.002(b) and (c); and
(2) rules adopted under Section 551.002(d).
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.