CHAPTER 2152. GROUP INSURANCE IN UNDERSERVED AREAS
INSURANCE CODE
TITLE 10. PROPERTY AND CASUALTY INSURANCE
SUBTITLE G. POOLS, GROUPS, PLANS, AND SELF-INSURANCE
CHAPTER 2152. GROUP INSURANCE IN UNDERSERVED AREAS
Sec. 2152.001. DEFINITION. In this chapter, "residential
property insurance" means insurance against loss to real or
tangible personal property at a fixed location that is provided
through a homeowners policy, residential fire and allied lines
policy, or farm and ranch owners policy.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 2, eff. April 1, 2007.
Sec. 2152.002. DESIGNATION OF UNDERSERVED AREAS. (a) The
commissioner by rule may designate an area as an underserved area
for personal automobile insurance or residential property
insurance.
(b) In determining which areas to designate as underserved, the
commissioner shall consider:
(1) whether the insurance described by Subsection (a) is not
reasonably available to a substantial number of insurable risks
and the availability of insurance in general; and
(2) any other relevant factor as determined by the commissioner.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 2, eff. April 1, 2007.
Sec. 2152.003. AUTHORIZATION FOR ISSUANCE OF GROUP INSURANCE IN
UNDERSERVED AREA. An insurer authorized to write property or
casualty insurance in this state, including a Lloyd's plan and a
reciprocal or interinsurance exchange, that writes personal
automobile insurance or residential property insurance in this
state may write the personal automobile insurance or residential
property insurance on a group basis in an underserved area
designated by the commissioner.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 2, eff. April 1, 2007.
Sec. 2152.004. EXCLUSION OF CERTAIN COVERAGE. Group insurance
provided under this chapter may not include windstorm and hail
insurance coverage for a risk eligible for that coverage under
Chapter 2210.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 2, eff. April 1, 2007.
Sec. 2152.005. FORMATION OF GROUP. A group may be formed solely
to purchase insurance subject to this chapter.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 2, eff. April 1, 2007.
Sec. 2152.006. RATES. Rates for coverage provided under this
chapter are subject to the applicable statutes relating to the
insurers providing the coverage.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 2, eff. April 1, 2007.
Sec. 2152.007. POLICY FORMS AND CERTIFICATES. The commissioner
shall adopt policy forms and certificates for use in underserved
areas designated by the commissioner under this chapter.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 2, eff. April 1, 2007.
Sec. 2152.008. RULES. In addition to other rules adopted under
this chapter, the commissioner may adopt any rules that are
appropriate and necessary to implement this chapter.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 2, eff. April 1, 2007.