Sec. 1701.005. EXEMPTIONS. (a) This chapter does not apply to:
(1) a rider or endorsement that is used at the request of the holder of a policy, contract, or certificate subject to this chapter and that relates to:
(A) the manner of distribution of benefits under the policy, contract, or certificate; or
(B) the reservation of rights and benefits under the policy, contract, or certificate; or
(2) the modification of a previously approved insurance policy form for the sole purpose of adding the statement required by Section 154.2021(a)(3), Finance Code.
(b) The commissioner by written order may exempt a document from the requirements of this chapter for the period the commissioner considers proper if the commissioner determines that:
(1) this chapter may not practically be applied to the document;
(2) the document's preparation, use, and meaning have become routine or commonplace; or
(3) the filing and approval of the form of the document are not desirable, appropriate, required, or necessary for the protection of the public.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 5, eff. April 1, 2005.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1190 (H.B. 3762), Sec. 34, eff. September 1, 2009.
Last modified: September 28, 2016