Section 829.153 - Rights of Members Whose Policies Are Issued After Adoption of Conversion Plan But Before Effective Date(a) On issuance of a policy after a conversion plan has been adopted by the board of directors but before the effective date of the conversion plan, the converting exchange shall send to each member to whom a policy is issued a written notice regarding the conversion plan.(b) Except as provided by Subsection (c), each member insured under a property or casualty insurance policy is entitled to notice under Subsection (a) and shall be advised in a clear and conspicuous manner of the member's right to: (1) cancel the policy; and(2) receive a pro rata refund of unearned premiums.(c) A member who has made or filed a claim under the insurance policy is not entitled to a refund under Subsection (b). A member who has exercised a right provided by Subsection (b) may not make or file a claim under the insurance policy.Added by Acts 2007, 80th Leg., R.S., Ch. 412, Sec. 1, eff. 6/15/2007.