Section 2006.052 - Optional Premium Discount(a) Except as provided by Section 2006.053, an insurer that issues a residential property insurance policy may:(1) discount the premiums that would otherwise be charged for the policy by not less than three percent if the policyholder:(A) has continuously been a residential property insurance policyholder with the insurer or an affiliate of the insurer; and(B) has not filed a residential property insurance claim during the three years before the effective date of the policy; and(2) increase the amount of the discount by one percent for each subsequent year in which the policyholder:(A) has been a residential property insurance policyholder with the insurer or an affiliate of the insurer; and(B) has not filed a residential property insurance claim.(b) This section applies to an insurer that uses a tier classification or discount program that has a premium consequence based in whole or in part on claims experience, regardless of whether any of the policies that continuously covered the policyholder was a different kind of residential property insurance policy from the policy eligible for the premium discount.(c) A residential property insurance claim under this section does not include a claim: (1) resulting from a loss caused by natural causes;(2) that is filed but is not paid or payable under the policy; or(3) that an insurer is prohibited from using under Section 544.353.Tex. Ins. Code § 2006.052
Amended By Acts 2007, 80th Leg., R.S., Ch. 730, Sec. 3B.040(a), eff. 9/1/2007.Amended By Acts 2007, 80th Leg., R.S., Ch. 921, Sec. 9.040(a), eff. 9/1/2007.Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.