Section 2203.156 - Term of Policy; Notice of Certain Changes(a) A policy issued by the association must be for a term of one year or less, as determined by the association.(b) Section 1901.253 does not apply to a medical liability insurance policy issued by the association for a term of less than one year.(c) The association shall ensure that appropriate written notice is provided to the insured for a policy described by Subsection (b) if the association intends to: (1) increase the premiums on the policy; or(2) cancel or not renew the policy for a reason other than for nonpayment of premiums or because the insured is no longer licensed.Tex. Ins. Code § 2203.156
Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.