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(a)?A residential property insurance policy form must include a declarations page that:
(1)?lists and identifies each type of deductible under the residential property insurance policy; ?and
(2)?states the exact dollar amount of each deductible under the residential property insurance policy.
(b)?If a residential property insurance policy or an endorsement attached to the policy contains a provision that may cause the exact dollar amount of a deductible under the policy to change, the declarations page must identify or include a written disclosure that clearly identifies the applicable policy provision or endorsement. ?The policy provision or endorsement must explain how any change in the applicable deductible amount is determined.
(c)?A disclosure containing a list required by Subsection (a)(1), or a disclosure containing an identification of each applicable policy provision or endorsement, may be provided on a page separate from the declarations page.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 2301.056. Requirement Forms; Declarations Page Requirement - last updated April 14, 2021 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2301-056.html
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