Tex. Ins. Code § 2054.303

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2054.303 - Denial of Coverage Based on Credit Risk

The company may refuse to write insurance coverage for an applicant that the company identifies as a credit risk unless the applicant, before a policy is issued:

(1) pays the total estimated premium and related charges; or

(2) provides security for payment of the total estimated premium and related charges.

Tex. Ins. Code § 2054.303

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.