Sec. 2301.056. REQUIREMENT FOR FORMS; DECLARATIONS PAGE REQUIREMENT. (a) A residential property insurance policy form must include a declarations page that:
(1) lists and identifies each type of deductible under the residential property insurance policy; and
(2) states the exact dollar amount of each deductible under the residential property insurance policy.
(b) If a residential property insurance policy or an endorsement attached to the policy contains a provision that may cause the exact dollar amount of a deductible under the policy to change, the declarations page must identify or include a written disclosure that clearly identifies the applicable policy provision or endorsement. The policy provision or endorsement must explain how any change in the applicable deductible amount is determined.
(c) A disclosure containing a list required by Subsection (a)(1), or a disclosure containing an identification of each applicable policy provision or endorsement, may be provided on a page separate from the declarations page.
Added by Acts 2013, 83rd Leg., R.S., Ch. 730 (S.B. 112), Sec. 1, eff. September 1, 2013.
Section: Previous 2301.001 2301.002 2301.003 2301.004 2301.005 2301.006 2301.007 2301.008 2301.009 2301.010 2301.051 2301.052 2301.053 2301.054 2301.055Last modified: September 28, 2016