Texas Insurance Code - Not Codified - Article 5.35-2. Jewelry Coverage
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Texas Laws > Insurance Code - Not Codified > Texas Insurance Code - Not Codified - Article 5.35-2. Jewelry Coverage
Article: 5.32 5.33 5.33B 5.33B, ante
Art 5.34 5.35 5.35-1 5.35-2 5.35-3 5.36 5.37 5.38 5.39 5.40 5.41
Art. 5.35-2. JEWELRY COVERAGE.
Article repealed effective April 1, 2007
Sec. 1. Definition
In this article, "personal property insurance" means
insurance against damage to or loss of tangible personal property,
including coverage provided in a homeowners policy, residential
fire and allied lines policy, or farm and ranch owners policy.
Sec. 2. Applicability
This article applies to each insurer that provides personal
property insurance in this state, including a county mutual
insurer, farm mutual insurer, Lloyd's plan, or reciprocal or
Sec. 3. Election of Stated Value or Actual Replacement of the
Jewelry Item with one of Like Kind and Quality
An insurer that provides personal property insurance
coverage in this state for jewelry will have the option to elect
either to pay the stated value or actual replacement of the jewelry
item with one of like kind and quality.
Added by Acts 2003, 78th Leg., ch. 1279, Sec. 1, eff. Sept. 1, 2003.
Last modified: August 11, 2007