Sec. 2210.703. RENEWAL OF REINSURED POLICIES; COMPARABLE COVERAGE. (a) An insurer electing to offer a policy under Section 2210.702 shall offer a renewal of that policy to the association policyholder for each of the next three years subject to the insurer's rate and underwriting guidelines as filed under this code.
(b) An insurer may not offer a policy to an association policyholder under this section unless the policy contains generally comparable coverage and premiums to the association policy as determined by commissioner rule. The premiums for a policy of generally comparable coverage may not exceed 115 percent of the premiums for the association policy.
(c) Subchapter L-1 does not apply to a policy renewed under this section.
Added by Acts 2015, 84th Leg., R.S., Ch. 615 (S.B. 900), Sec. 30, eff. September 1, 2015.
Section: Previous 2210.615 2210.616 2210.6165 2210.617 2210.618 2210.619 2210.620 2210.651 2210.652 2210.653 2210.654 2210.701 2210.702 2210.703 2210.704 NextLast modified: September 28, 2016