US Laws, Codes, Statutes & Cases

INSURANCE CODE

SUBTITLE D. GUARANTY ASSOCIATIONS

CHAPTER 461. GENERAL PROVISIONS


	§ 461.001. APPLICABILITY OF CHAPTER.  (a) Except as 
provided by Subsection (b), this chapter applies to an insurance 
policy, contract, certificate, evidence of coverage, or 
application delivered or issued for delivery in this state that is 
not covered by an insurance guaranty fund or other solvency 
protection arrangement authorized by this code.
	(b)  This chapter does not apply to:                                           
		(1)  a fidelity, surety, or guaranty bond;  or                                
		(2)  marine insurance as defined by Section 1807.001.                         

Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.           


	§ 461.002. DISCLOSURE OF GUARANTY FUND 
NONPARTICIPATION.  (a) Each insurance policy, contract, 
certificate, evidence of coverage, or application subject to this 
chapter must include a statement that, if the insurer is unable to 
fulfill the insurer's contractual obligation under the policy, 
contract, certificate, or evidence of coverage, the insurer is not 
covered by an insurance guaranty fund or other solvency protection 
arrangement.
	(b)  The statement must be in 10-point type and affixed to 
the first page of the insurance policy, contract, certificate, 
evidence of coverage, or application.

Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.           


	§ 461.003. FORM OF STATEMENT;  PROHIBITION.  (a) The 
commissioner by rule shall promulgate the statement that an insurer 
must use to comply with this chapter.
	(b)  An insurer may not include in an insurance policy, 
contract, certificate, evidence of coverage, or application a 
statement that does not conform to the appropriate statement 
prescribed by the commissioner.

Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.