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Texas Insurance Code - Not Codified - Article 5.53-A. Home Warranty Insurance; Home Protection Insurance

Legal Research Home > Texas Laws > Insurance Code - Not Codified > Texas Insurance Code - Not Codified - Article 5.53-A. Home Warranty Insurance; Home Protection Insurance 


Art. 5.53-A. HOME WARRANTY INSURANCE;  HOME PROTECTION 
INSURANCE.            

Article repealed effective April 1, 2007
	                                                                               

Insurance Coverage;  Limitations
	Sec. 1. (a) Any company licensed to engage in the business of 
fire insurance and its allied lines, or inland marine insurance, or 
both, is authorized to write home warranty insurance or home 
protection insurance in this state.
	(b)  Insurance subject to this article is not inland marine 
insurance, but shall be governed in the same manner and to the same 
extent as inland marine insurance.
	(c)  The amount of coverage under a policy of home protection 
insurance may not exceed $2,000 for any single occurrence.

Definitions
	Sec. 2. In this article:                                                       
	(1)  "Home warranty insurance" means coverage insuring:                        
	(A)  performance by builders of residential property of 
their warranty obligations to purchasers of such property;  or
	(B)  against named defects arising from failure of the 
builder to construct residential property in accordance with 
specified construction standards.
	(2)  "Home protection insurance" means coverage insuring 
purchasers of home protection services or products against actual 
property loss.
	(3)  "Home protection service or product" means a service or 
product used for the protection of residential property, including 
a service or product provided by a person regulated under the 
Private Investigators and Private Security Agencies Act (Article 
4413(29bb), Vernon's Texas Civil Statutes).

Added by Acts 1975, 64th Leg., p. 56, ch. 32, Sec. 1, eff. April 3, 
1975.   

Amended by Acts 1999, 76th Leg., ch. 1028, Sec. 1, eff. Sept. 1, 
1999;  Sec. 1(a) amended by Acts 2003, 78th Leg., ch. 206, Sec. 
21.30, eff. June 11, 2003.
Article:  Previous  5.47  5.48  5.48-1  5.48-2  5.51  5.52  5.53  5.53-A  5.54  5.55  5.55A  5.55B  5.55C  5.56  5.57  Next

Last modified: August 11, 2007


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