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 C. DECLINATION, CANCELLATION, AND NONRENEWAL OF CERTAIN PROPERTY AND CASUALTY POLICIES |
Sec. 551.103. CANCELLATION
Latest version.
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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.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.