™Your Policy Risk Impact Agent
386 chapters · 7,822 sections in this title.
Tex. Insurance Code § 707.001 Definitions
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Sec. 707.001. DEFINITIONS. In this chapter: (1) "Person" means an individual, corporation, association, partnership, limited liability company, or other legal entity. (2) "Property insurance policy" means an insurance policy issued by an insurer, including a county mutual insuran…
Tex. Insurance Code § 707.002 Payment of Deductible Required
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Sec. 707.002. PAYMENT OF DEDUCTIBLE REQUIRED. A person insured under a property insurance policy shall pay any deductible applicable to a first-party claim made under the policy. Added by Acts 2019, 86th Leg., R.S., Ch. 1099 (H.B. 2102), Sec. 1, eff. September 1, 2019.
Tex. Insurance Code § 707.003 Consumer Education
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Sec. 707.003. CONSUMER EDUCATION. The department, in coordination with other state agencies and stakeholders as necessary, shall develop and implement an education program related to the payment of property insurance policy deductibles. The program must: (1) provide reasonable me…
Tex. Insurance Code § 707.004 Reasonable Proof of Payment
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Sec. 707.004. REASONABLE PROOF OF PAYMENT. An insurer that issues a property insurance policy with replacement cost coverage may refuse to pay a claim for withheld recoverable depreciation or a replacement cost holdback under the policy until the insurer receives reasonable proof…