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Texas Insurance Code - INS § 2203.156. Term of Policy; Notice of Certain Changes

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A policy issued by the association must be for a term of one year or less, as determined by the association.

(b) Section 1901.253 does not apply to a medical liability insurance policy issued by the association for a term of less than one year.

(c) The association shall ensure that appropriate written notice is provided to the insured for a policy described by Subsection (b) if the association intends to:

(1) increase the premiums on the policy; or

(2) cancel or not renew the policy for a reason other than for nonpayment of premiums or because the insured is no longer licensed.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 2203.156. Term of Policy; Notice of Certain Changes - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2203-156/

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