28 Tex. Admin. Code § 25.44

Current through Reg. 49, No. 37; September 13, 2024
Section 25.44 - Prompt Processing Required

An insurance premium finance company shall exercise reasonable care in the processing of insurance premium finance agreements and shall promptly pay amounts due under such agreements. Reasonable time for processing of insurance premium finance agreements shall be within five working days after acceptance. If this time limitation cannot be met, the insurance premium finance company shall give notice of the delay to both insured and agent before the expiration of the five day period.

28 Tex. Admin. Code § 25.44

The provisions of this §25.44 adopted to be effective May 17, 1995, 20 TexReg 3337.