Tex. Ins. Code § 551.1041

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 551.1041 - Rulemaking Authority Relating to Notice of Cancellation of Certain Personal Automobile Insurance Coverages

The commissioner shall exercise the commissioner's rulemaking authority to adopt rules under which an insurer that cancels a personal automobile insurance policy that provides comprehensive or collision physical damage coverage for an automobile that is subject to a purchase money lien is required to notify the lienholder, if known, that the coverage will be canceled.

Tex. Ins. Code § 551.1041

Added by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 752,Sec. 3, eff. 6/12/2017.