Texas Insurance Code - Not Codified - Article 21.28-E. Disclosure Of Guaranty Fund Nonparticipation In Insurance Policies, Contracts, And Applications And In Certificates And Evidences Of Coverage
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Art. 21.28-E. DISCLOSURE OF GUARANTY FUND NONPARTICIPATION
IN INSURANCE POLICIES, CONTRACTS, AND APPLICATIONS AND IN
CERTIFICATES AND EVIDENCES OF COVERAGE.
Article repealed effective April 1, 2007
(a) Each insurance policy or contract or application or
certificate or evidence of coverage, other than a fidelity, surety,
or guaranty bond, delivered or issued for delivery in this state
that is not covered by an insurance guaranty fund or other solvency
protection arrangement authorized by this code must have affixed to
the first page in 10-point type a statement to the effect that, in
the event the insurer is unable to fulfill its contractual
obligation under this policy or contract or the certificate or
evidence of coverage, the insurer is not covered by an insurance
guaranty fund or other solvency protection arrangement.
(b) The State Board of Insurance by rule shall promulgate
the statements that must be used by insurers to comply with this
article, and an insurer may not include in an insurance policy,
contract, or application or a certificate or evidence of coverage a
statement that does not conform to the appropriate statement
promulgated by the board.
(c) The provisions of this article shall not apply to marine
insurance as defined by Article 5.53.
Added by Acts 1989, 71st Leg., ch. 1082, Sec. 6.25, eff. Sept. 1,
1989. Subsec. (a) amended by Acts 1991, 72nd Leg., ch. 242, Sec.
11.08, eff. Sept. 1, 1991; Subsec. (c) added by Acts 1991, 72nd
Leg., ch. 242, Sec. 2.49, Sept. 1, 1991; Subsec. (c) amended by
Acts 2003, 78th Leg., ch. 206, Sec. 21.33, eff. June 11, 2003.
Article: 7.20 7.20-1 21.11-2 21.20-2 21.28-A 21.28-C 21.28-D 21.28-E 21.31 21.32 21.32A 21.39 21.39-A 21.39-B 21.40
Last modified: August 11, 2007
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