Texas Insurance Code - Not Codified - Article 5.33. Credit For Reducing Hazard
Legal Research Home >
Texas Lawyer > Insurance Code - Not Codified > Texas Insurance Code - Not Codified - Article 5.33. Credit For Reducing Hazard
Art. 5.33. CREDIT FOR REDUCING HAZARD.
Article repealed effective April 1, 2007
(a) The commissioner may give each city, town, village,
locality, or other political subdivision credit for each and every
hazard they may reduce or entirely remove, and also for all added
fire fighting equipment, increased police protection, or any other
equipment or improvement that has a tendency to reduce the fire
hazard of any such city, town, village, locality, or other
political subdivision, and also to give credit for a good fire
record made by any city, town, village, locality, or other
political subdivision.
(b) The commissioner may also compel any company to give any
or all policy holders credit for any and all hazards said policy
holder or holders may reduce or remove.
(c) For the purposes of this Article, the installation of a
new standard fire hydrant approved by the department within the
required distance of a risk, as prescribed by the department, or the
use of compressed air foam technology in fire-fighting equipment
shall constitute a reduction in hazard by the policy holder or
holders.
(d) Said credit shall be in proportion to such reduction or
removal of such hazard and said company or companies shall return to
such policy holder or holders such proportional part of the
unearned premium charged for such hazard that may be reduced or
removed.
Acts 1951, 52nd Leg., ch. 491. Amended by Acts 1971, 62nd Leg., p.
3005, ch. 992, Sec. 1, eff. June 15, 1971.
Amended by Acts 1999, 76th Leg., ch. 1292, Sec. 1, eff. Sept. 1,
1999.
Article: 5.26 5.27 5.28 5.29 5.30 5.31 5.32 5.33 5.33B 5.33B, ante
Art 5.34 5.35 5.35-1 5.35-2 5.35-3
Last modified: August 11, 2007
|
